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We review the econometric literature on measuring the returns to R&D. The theoretical frameworks that have been used are outlined, followed by an extensive discussion of measurement and econometric issues that arise when estimating the models. We then provide a series of tables summarizing the...
Persistent link: https://www.econbiz.de/10014025147
productivity improvements not within sectors but within value chains. It allows judging in a better way to what extent more or … result is that more than half of the productivity gains related to ICT capital deepening for manufactured goods are … sectoral growth in total factor productivity (TFP) in the ICT sector contributes only moderately to TFP growth in non-ICT value …
Persistent link: https://www.econbiz.de/10012146257
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This paper investigates whether the diffusion of tangible IT and CT capital and intangible capital asset types has an impact on labour demand growth and the share of labour income in total income at the industry and country level. The econometric analysis is derived from a Cobb-Douglas...
Persistent link: https://www.econbiz.de/10013274244
We propose a measure of corporate investment plans, namely, the expected investment growth (EIG). We document a robust … finding that firms with high EIG have larger future investment growth and earn significantly higher returns than firms with …
Persistent link: https://www.econbiz.de/10012935108
Productivity. We endogenize the accrual of the R&D stocks by estimating an R&D investment function. We find that the marginal …
Persistent link: https://www.econbiz.de/10011573960
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into account. The data are used to study total factor productivity, labour and capital productivity developments in a … changes in labour services and the composition thereof, as drivers of value added and labour productivity growth. Significant …
Persistent link: https://www.econbiz.de/10012154247