Sylaja Srinivasan

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We argue that unmeasured investments in intangible organizational capital—associated with the role of information and communications technology (ICT) as a ‘general purpose technology’—can explain the divergent U.S. and U.K. TFP performance after 1995. GPT stories suggest that measured TFP should rise in ICT-using sectors, perhaps with long lags.(More)
We use a new industry-level dataset to quantify the role of ICT in explaining productivity growth in the UK, 1970-2000. The dataset is for 34 industries covering the whole economy (31 in the market sector). Using growth accounting, we find that ICT capital played an increasingly important, and in the 1990s the dominant, role in accounting for labour(More)
The views expressed in this paper are those of the authors, and not necessarily those of the Bank of England. We would like to thank two anonymous referees for helpful comments and suggestions. Contents Abstract 5 Summary 7 1 Introduction 11 Capital wealth and capital services 11 Previous studies 12 Plan of the paper 13 2 Theory of capital measurement 14(More)
Draft of paper prepared under the World Bank project on the effects of infrastructure on the growth of Indian manufacturing industry. We would like to thank Esra Bennathan for his encouragement and many valuable comments on this draft (he deserves credit for improving the better parts of the paper but no blame for the worst), participants at the 1999 NBER(More)
Forthcoming in the NBER Macroeconomics Annual 2003. We thank Olivier Blanchard, Ian Bond, Jeff Campbell, Mark Gertler, Elhanan Helpman, Dale Jorgenson, John Laitner, Jim Morsink, John Nichols, Ken Rogoff, Bob Triest, Gianluca Violante, and Christina Wang for helpful comments and discussions. We thank Shanthi Ramnath and Sunil Kapadia for superb research(More)
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