A conventional decomposition of the financial sector's gross value added growth into its various components indicates that investments in Information and Communication Technologies are highly important. However, a more comprehensive calculation reveals that growth is the result of - in...

Wird das Wachstum der Bruttowertschöpfung des Finanzsektors auf herkömmliche Weise in seine Komponenten zerlegt, scheinen Investitionen in Informations- und Kommunikations-Technologien eine große Bedeutung zu haben. Bei einem umfassenderen Berechnungsansatz zeigt sich jedoch, dass Wachstum...

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...

On 11-12 November 2008, SUERF and Banque Centrale du Luxembourg organized a conference on Productivity in the Financial Services Sector on the occasion of the tenth anniversary of the Banque Centrale du Luxembourg. The conference addressed three main themes: first, stylized facts on banks'...

On 11-12 November 2008, SUERF and Banque Centrale du Luxembourg organized a conference on Productivity in the Financial Services Sector on the occasion of the tenth anniversary of the Banque Centrale du Luxembourg.The conference addressed three main themes: first, stylized facts on banks'...

This paper investigates the impact of ICT- and non-ICT capital, and of labour at different skill levels, on productivity and employment in the financial intermediation sector of twelve EU member countries plus the US and Japan. A stochastic possibility frontiers (SPF) approach is applied to...

Wird das Wachstum der Bruttowertschöpfung des Finanzsektors auf herkömmliche Weise in seine Komponenten zerlegt, scheinen Investitionen in Informations- und Kommunikations-Technologien eine große Bedeutung zu haben. Bei einem umfassenderen Berechnungsansatz zeigt sich jedoch, dass Wachstum...

A conventional decomposition of the financial sector's gross value added growth into its various components indicates that investments in Information and Communication Technologies are highly important. However, a more comprehensive calculation reveals that growth is the result of - in...