By Carol Corrado, John Haltiwanger, Daniel Sichel
Because the speeded up technological advances of the prior 20 years proceed to reshape the USA' economic system, intangible resources and high-technology investments are taking greater roles. those advancements have raised a few issues, akin to: how can we degree intangible resources? Are we effectively appraising more recent, high-technology capital? The solutions to those questions have vast implications for the overview of the economy's development over the long run, for the velocity of technological development within the financial system, and for estimates of the nation's wealth.In Measuring Capital within the New economic climate, Carol Corrado, John Haltiwanger, Daniel Sichel, and a bunch of exotic collaborators supply new ways for measuring capital in an economic climate that's more and more ruled through high-technology capital and intangible resources. because the individuals express, high-tech capital and intangible resources have an effect on the economic system in ways in which are notoriously tough to appraise. during this specific and thorough research of the matter and its strategies, the members examine the character of those relationships and supply advice as to what elements may be incorporated in calculations of alternative forms of capital for economists, policymakers, and the monetary and accounting groups alike.
Read or Download Measuring Capital in the New Economy (National Bureau of Economic Research Studies in Income and Wealth) PDF
Similar econometrics books
The publication first discusses extensive quite a few facets of the well known inconsistency that arises whilst explanatory variables in a linear regression version are measured with errors. regardless of this inconsistency, the zone the place the genuine regression coeffecients lies can occasionally be characterised in an invaluable method, specifically whilst bounds are recognized at the size blunders variance but additionally while such info is absent.
The book's finished insurance on the software of econometric how to empirical research of financial matters is outstanding. It uncovers the lacking hyperlink among textbooks on monetary idea and econometrics and highlights the strong connection among monetary idea and empirical research completely via examples on rigorous experimental layout.
Are foreign currency markets effective? Are basics very important for predicting trade cost hobbies? what's the signal-to-ratio of excessive frequency trade expense alterations? Is it attainable to outline a degree of the equilibrium trade price that's worthwhile from an evaluate viewpoint? The ebook is a selective survey of present pondering on key issues in alternate price economics, supplemented all through through new empirical proof.
This booklet offers with the genesis and dynamics of trade price crises in fastened or controlled alternate fee platforms. It offers a complete remedy of the present theories of trade fee crises and of economic marketplace runs. It goals to supply a survey of either the theoretical literature on overseas monetary crises and a scientific remedy of the analytical versions.
- Modelling Financial Times Series
- The Basics of Financial Econometrics: Tools, Concepts, and Asset Management Applications (Frank J. Fabozzi Series)
- Bayesian Economics Through Numerical Methods: A Guide to Econometrics and Decision-Making with Prior Information
- Using EViews for Principles of Econometrics: With EViews Computing Handbook
Extra resources for Measuring Capital in the New Economy (National Bureau of Economic Research Studies in Income and Wealth)
Development costs in the radio and television, sound recording, and book publishing industries are crudely estimated to be double the new product development costs for motion pictures. ) Mainly R&D in finance and other services industries. No broad statistical information, proxied by: a. e b. New architectural and engineering designs, estimated as half of industry purchased services (revenues of the industry as reported in SAS). c. R&D in social sciences and humanities, estimated as twice industry purchased services (revenues as reported in SAS).
9 Thus, the symmetry principle is not just about uncounted output, but also about uncounted income accruing to capital. 9. Moulton, Parker, and Seskin (1999) describe this accounting for the recognition of software in the NIPAs. See also Fraumeni and Okubo (chap. 8 in this volume) and B. Hall (chap. 8 comment in this volume). 22 Carol Corrado, Charles Hulten, and Daniel Sichel The expanded framework for growth accounting presents a somewhat diﬀerent view of the economy than the approach that ignores intangibles.
Information-sector industries—book publishers, motion picture producers, sound recording producers, and broadcasters—as well as financial and other services industries routinely research, develop, and introduce new products. However, we have no broad survey data on the resources they devote to these activities. 3, lines 5 and 6), noting that new product investment by information-sector industries usually leads to an identifiable asset, such as a copyright or license, whereas the fruits of nonscientific R&D spending elsewhere usually do not.