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Replication data for: Intangibles, Investment, and Efficiency

Version
1
Resource Type
Dataset
Creator
  • Crouzet, Nicolas
  • Eberly, Janice
Publication Date
2018-05-01
Description
  • Abstract

    Recent work on macroeconomic trends has emphasized slowing capital investment, but strong business profits and valuations. The retail sector is a microcosm of these trends, and accounts for a large share of the increase in aggregate business concentration also observed in recent years. We show that, in that sector, weak investment and rising concentration are associated with rising productivity. Additionally, stronger productivity is correlated with intangible investment, both over time and across subindustries. Intangible investment may thus provide a joint explanation for rising productivity, weak capital investment, and increasing industry concentration.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pandp.20181007 (Text)
Publications
  • Crouzet, Nicolas, and Janice Eberly. “Intangibles, Investment, and Efficiency.” AEA Papers and Proceedings 108 (2018): 426–31. https://doi.org/10.1257/pandp.20181007.
    • ID: 10.1257/pandp.20181007 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Crouzet, Nicolas; Eberly, Janice (2018): Replication data for: Intangibles, Investment, and Efficiency. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114431V1