It is often assumed that recent success in the high-technology software industry will lead India's development. However, evidence suggest that basic manufacturing industry is stagnant. This paper proposes a mechanism that ties these two trends together. A big-push type of model, featuring...

Since the mid-1990s value added has grown faster in the Swedish business sector than in most other OECD countries. We investigate the association between information and communications technology (ICT) and research and development (R&D) capital and value added in the Swedish non-farm business...

Rapid price decreases for ICT-products in the 1990s have been largely attributed to the introduction of hedonic price indexes. Would hedonic price indexing also have large effects on measured price and productivity during other technological breakthroughs? This paper investigates the impact of...