Replication data for: Intangibles, Investment, and Efficiency
Principal Investigator(s): View help for Principal Investigator(s) Nicolas Crouzet; Janice Eberly
Version: View help for Version V1
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| replication_material | 10/12/2019 11:55:PM | ||
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text/plain | 14.6 KB | 10/12/2019 07:55:PM |
Project Citation:
Crouzet, Nicolas, and Eberly, Janice. Replication data for: Intangibles, Investment, and Efficiency. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114431V1
Project Description
Summary:
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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.
Scope of Project
JEL Classification:
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D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
D25 Intertemporal Firm Choice: Investment, Capacity, and Financing
E22 Investment; Capital; Intangible Capital; Capacity
G31 Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
L13 Oligopoly and Other Imperfect Markets
D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
D25 Intertemporal Firm Choice: Investment, Capacity, and Financing
E22 Investment; Capital; Intangible Capital; Capacity
G31 Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
L13 Oligopoly and Other Imperfect Markets
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