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Forty years ago, virtually the entire telecommunications sector was state owned, managed and controlled - owned, managed and controlled by the state since their inception. In the mid-1980s a movement towards privatization, liberalization and deregulation took hold. Now the sector has been...
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This study explores the causal relationships between information and communications technology (ICT) and economic growth. It spans the post-Great Recession period of 2008-2017, which is both a period of economic tumult and slow recovery but also significant pathbreaking developments in ICT...
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In this paper we evaluate the relative merits of three approaches to information extraction from a large data set for forecasting, namely, the use of an automated model selection procedure, the adoption of a factor model, and single-indicator-based forecast pooling. The comparison is conducted...
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In this paper we evaluate the role of a set of variables as leading indicators for Euro-area inflation and GDP growth. Our evaluation is based on using the variables in the ECB Euro-area model database, plus a set of similar variables for the US. We compare the forecasting performance of each...
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