Using sectoral intangible investment data we confirm that intangible capital is a significant determinant of labour productivity growth. The sectoral setting further allows us to identify the differential impacts of intangible capital across industries with varying degrees of ICT intensity. Intangible capital appears to be significantly more productive in ICT-intensive sectors than in those tha...

This paper analyses the privatization of utilities in Bolivia, detailing the particularities of the capitalization mechanism which was used for this purpose. The analysis suggests that capitalization and regulation, and the liberalization of the utilities sector more generally, succeeded in attracting foreign investment, thus fulfilling one of the central goals of the reforms of this sector. Fo...

In this paper, we estimate the profile of productivity by age through the estimation of production functions. ‘Productivity’ is defined as the average contribution of age groups to the productivity of firms. Our data are a matched employer-employee dataset covering about 70,000 firms in the late 1990’s in France. We find that productivity increases with age until age 40 and then remains stable ...

In the above, it is understood that R is a commutative ring with 1. An Rlinear form is an expression Cy=o AiXi, where n ~0, AieR, An algebra d of Rlinear forms is a set of such forms closed under substitutions: if f(xe, . ..,xk) = = Ci PiXi and gi(Xe . . . . x,) = Cj AjXj are forms in d then h(x, . .., x,,) = =f(&l(xo9 * -9 x,x * ‘-9 gdxg, . . ., x,)) = Cj (C i Uilj)Xj is a form in & A form C 1...

The dramatic growth of U.S. wage inequality since the early 1970s has been the subject of intense controversy both among economists and between economists and the broader public. To many people-including a few economists (e.g. Leamer 1995)-the explanation of that increased dispersion seems obvious: it is the result of globalization, and specifically of the growing imports of labor-intensive man...

A possible measurement of the top quark mass by an energy scan of the tf threshold region at e+ecolliders of fi = 250-500 GeV is discussed. With an integrated luminosity of 1 fb-’ devoted to the energy scan, a top quark msss of about 150 GeV can be determined with an accuracy of M 0.3 GeV, with a comparable systematic uncertainty arising from the few % errors in the cy, measurement at LEP-I. Th...