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We study the behavior of the US labor share over the past 70 years. We find that the capitalization of intellectual property products in the national income and product accounts entirely explains - in a purely accounting sense - the observed decline of the US labor share. We assess the...
Persistent link: https://www.econbiz.de/10011932539
Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and … wealth accounting exercises. Yet the calculation of "capital" frequently receives only cursory attention, despite the …) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …
Persistent link: https://www.econbiz.de/10011653808
of capital to ensure that existing investment rates can ensure that MDG1 is attained by 2015. The paper then examines … servicing. Many of these countries also face considerable capital flight, exacerbating already tentative external situations … switching policies. It advances policies to reduce capital flight and argues that international debt reduction should accompany …
Persistent link: https://www.econbiz.de/10014051754
The international development debate is increasingly referring to the notion of the "social contract" - often, however, without a clear definition of the term and its implications. We therefore make a suggestion for measuring at least some elements of social contracts in order to make it easier...
Persistent link: https://www.econbiz.de/10014632378
We develop a novel empirical approach to identify the effectiveness of policies against a pandemic. The essence of our approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization procedure that makes the pre-policy paths of the...
Persistent link: https://www.econbiz.de/10012312986
We develop a novel empirical approach to identify the effectiveness of policies against a pandemic. The essence of our approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization procedure that makes the pre-policy paths of the...
Persistent link: https://www.econbiz.de/10012315000
exercise to test the potential growth contribution of data capital, and we find that even limited diffusion of data capital …
Persistent link: https://www.econbiz.de/10013376913
We develop a novel empirical approach to identify the effectiveness of policies against a pandemic. The essence of our approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization procedure that makes the pre-policy paths of the...
Persistent link: https://www.econbiz.de/10014090534
Over the last two decades, cash holdings in nonfinancial firms around the world have increased. This phenomenon is particularly concerning in Japan, where the success of Abenomics depends on a transition from stimulus-driven to self-sustaining growth based on private consumption and investment....
Persistent link: https://www.econbiz.de/10013028683
sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between … can be sustained and how they might be redressed. There is no evidence that the rapid capital accumulation has reduced the … rate of profit on capital and thus the incentive to invest. However, persistent external imbalance poses a threat to …
Persistent link: https://www.econbiz.de/10013123488