on aggregate production functions. With the help of a micro- (firm-)based macro simulation model it is shown if there are … important differences among firms in economic competence, here represented by efficiency and investment behavior, the … relationships between investment, productivity, and economic growth are much more complex and unpredictable than commonly assumed …

share of investment in digital technologies will exhibit a faster rate of TFP growth, but not all firms and sectors …. Overall, firms should not regard digital investment as a 'one-size-fits-all' strategy to improve their productivity. Digital …

and software has steadily enhanced the role of IT investment. Productivity growth in IT-producing industries has risen in … importance and a productivity revival is underway in the rest of the economy. The surge of IT investment in the United States … burst of IT investment in all of the G7 nations – Canada, France, Germany, Italy, Japan, the UK, as well as the U.S. These …

The large majority of the work published on firm investment is done in the neoclassical frame of a rational optimizing … firm attempting to achieve optimal size. While this frame addresses one important consideration in firm investment, it has … cashflows are affecting the firm investment decisions. Second, the standard approach operates on an "average firm," which in …

increase of labour intensity. On the contrary, the influence of investment growth was insignificant on the indicators of …