This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of the U.S. at the macroeconomic level. The stochastic possibility frontiers approach of Battese and Coelli (1992) applied here is used to identify neutralities or non-neutralities...

Der scharfe konjunkturelle Einbruch in den USA seit Beginn des vergangenen Jahres hat in der breiten Öffentlichkeit zur Frage geführt, ob sich die zuvor viel gepriesene New Economy als Illusion erweisen könnte. Doch von den Informations- und Kommunikationstechnologien (IKT) gehen auch...

The paper analyses the offshore outsourcing of IT services (OOIT), which have become increasingly important for the global IT industry. Through this rapid process of firm relocation, a new terminology has emerged, which forms the starting point for our paper. We compare wage cost differentials...