Kirsten Jäger - Academia.edu (original) (raw)

Papers by Kirsten Jäger

Intereconomics, 2018

In recent years, advanced economies around the globe have experienced a pronounced slowdown in pr... more In recent years, advanced economies around the globe have experienced a pronounced slowdown in productivity growth. The causes of this so-called secular stagnation remain unclear. Some economists argue that we are simply measuring productivity improvements incorrectly and that the statistics are ignoring technological innovations. Others place the blame on the Great Recession, arguing that labour productivity took the hit in countries with fl exible labour markets when GDP growth was constrained by globally defi cient demand. Most economists agree that stagnant productivity is a legitimate concern, and given that productivity growth is the main driver of economic growth, it is essential to fi nd remedies. Unfortunately, the current economic climate is characterised by a low potential for increased productivity growth, making it particularly diffi cult for Europe to achieve any progress in catching up with the higher productivity levels in the US. One potential source of improvement could be increased investment in intangible capital, which is positively linked to productivity growth. Finally, the most recent data indicate that after a decade of almost continuous slowdown, Europe's productivity performance is actually beginning to strengthen, in part due to the pro-cyclicality of productivity. If investment and business spending on digitisation persist, the uptick in labour productivity could translate into better total factor productivity growth, a measure of effi ciency which identifi es possible spillovers from new technologies and innovation.

This paper looks at the channels through which communication networks affect productivity growth.... more This paper looks at the channels through which communication networks affect productivity growth. We construct an EUKLEMS dataset (8 countries) modified to include wireless spectrum purchases and quality-adjusted prices for all components of ICT (i.e., including communication equipment and computer software). We examine the dataset’s implications for detecting network effects via (a) metrics introduced in this paper, (b) sources-of-growth analysis using capital measures more up-to-the-task than heretofore available, and (c) econometric estimation of ICT externalities. We zero in on whether communication capital (defined as the core infrastructure of the Internet and wireless networks) played a special role in the post-2002 economic growth of Europe and find evidence suggesting that it did. ∗The Conference Board and Georgetown University Center for Business and Public Policy. †The Conference Board. ‡This study received financial support from Telefónica. We thank Cecilia Jona-Lasinio,...

Marketing review St. Gallen : die neue Thexis-Marketingfachzeitschrift für Theorie und Praxis, 2019

Welche Trends beeinflussen die Customer-Journey im B-to-B und wie wird sie in naher Zukunft ausse... more Welche Trends beeinflussen die Customer-Journey im B-to-B und wie wird sie in naher Zukunft aussehen? Dieser Beitrag wirft einen Blick auf zukünftige Trends, welche die Customer-Journey im B-to-B erheblich beeinflussen werden. Exemplarisch wird die Ausgestaltung und Optimierung der zukünftigen Customer-Journey mittels Lead-Profiling am Beispiel der Künstlichen Intelligenz aufgezeigt, bei der neue Technologien Daten nutzbringend verwenden. Darüber hinaus steht die Customer-Journey-Transformation im Mittelpunkt. Schließlich ist es doch gerade die komplexe Transformation der Customer-Journey, die aufgrund ihrer Komplexität häufig von den Unternehmen vernachlässigt wird

Marketing review St. Gallen : die neue Thexis-Marketingfachzeitschrift für Theorie und Praxis, 2019

Die Auswirkungen der digitalen Revolution sind vielfältig. So gibt es inzwischen immer ausgefeilt... more Die Auswirkungen der digitalen Revolution sind vielfältig. So gibt es inzwischen immer ausgefeiltere Möglichkeiten, um mit Kunden in den Dialog zu treten. Unternehmen stehen deshalb vor der Herausforderung, die verschiedenen Kanäle und Kontaktpunkte mit ihren Kunden systematisch zu managen. Im Mittelpunkt steht dabei der Informations- und Entscheidungsprozess des Kunden - die Customer Journey. Sie gilt im Marketing als Königsdisziplin, bei der es darum geht, wie man am besten die "Reise des Kunden" erfasst, um Zielgruppen genau an der richtigen Stelle anzusprechen und Budgets gezielt in bestimmte Kanäle zu steuern. Marketing- und Vertriebsverantwortliche müssen sich daher Folgendes fragen: Was erwartet der Endkunde an den verschiedenen Touchpoints und wie sieht seine Customer Journey aus? Wie werden Unternehmen diesen Anforderungen gerecht

International Productivity Monitor, 2017

Using the latest release of sector-level growth and productivity data up to 2015 from the EU KLEM... more Using the latest release of sector-level growth and productivity data up to 2015 from the EU KLEMS database, evidence is mounting that the global financial crisis (2008/09) and the Euro Area recession (2011/12) have significantly damaged the growth potential of European economies across the board. None of the countries in the 12 EU member states included in the analysis have recovered to growth rates anywhere near to what they were in the decade before the crisis. Slow productivity growth which was already visible in most market services sectors before the crisis has broadened to the goods-producing sector for most European economies since the crisis. The manufacturing sector was particularly hard hit, and has only partially recovered. The dynamics of the global and Euro Area crises and their impact seem still to be in full swing, making it too early to judge whether output and productivity growth rates can still recover to the pre-crises rate or whether growth in Europe will end up...

Measuring Economic Growth and Productivity, 2020

Take-down policy If you believe that this document breaches copyright please contact us providing... more Take-down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim.

In this paper we explore the differentiated patterns of value added and productivity growth perfo... more In this paper we explore the differentiated patterns of value added and productivity growth performance (both labour and total factor productivity growth) in four large economies – EU, Japan, Russia and the US – and document the patterns of the widely recognized productivity slowdown (specifically in the period after the global financial crisis). Doing so, we analyse the changes in the various contributions of input factors (hours worked, labour composition, ICT and non-ICT capital) and total factor productivity (TFP) differentiating between highand low-skill intensive industries. For this exercise we make use of the recent release of Russia KLEMS and the (preliminary results) of the EU KLEMS Release 2019. The descriptive results of this paper enrich the literature on the global productivity slowdown to the most recent years and highlight differences across economies and industries as a base for further analysis. We find that that in all four economies TFP slowdown was particularly ...

We assess the impact of schooling and important patents in 1900 and 1910 on national income in th... more We assess the impact of schooling and important patents in 1900 and 1910 on national income in the 1960s. Even controlling for GDP per capita in 1910, we find that both the effects of schooling and important patents were always statistically and economically significant. Growth successes of the 20th century such as Japan or the Scandinavian countries were based on early human capital formation and their propensity to innovativeness.

This article revisits the issue of Europe's growth slowdown, taking into account the latest ... more This article revisits the issue of Europe's growth slowdown, taking into account the latest experiences from the recession and the debt crisis since 2008. There are few, if any, signs of even the beginnings of a reversal in the slowing growth trend, which is primarily driven by the weak productivity performance in most European countries. Recently, slow productivity growth has broadened from the services sector to the goods sector for most European economies. Output growth projections out to 2025 show a deceleration in Europe’s growth trend compared to the pre-recession period, and even compared to the latest period, 2006-2012, there are no signs of significant acceleration in the growth trend. Demographic structures and continued slow total factor productivity growth are both dampening trend output growth, although there will be large variation between different EU economies. RÉSUMÉ Le présent article revient sur la question du ralentissement de la croissance de la productivit...

International Productivity Monitor, 2013

This article revisits the issue of Europe's growth slowdown, taking into account the latest e... more This article revisits the issue of Europe's growth slowdown, taking into account the latest experiences from the recession and the debt crisis since 2008. There are few, if any, signs of even the beginnings of a reversal in the slowing growth trend, which is primarily driven by the weak productivity performance in most European countries. Recently, slow productivity growth has broadened from the services sector to the goods sector for most European economies. Output growth projections out to 2025 show a deceleration in Europe’s growth trend compared to the pre-recession period, and even compared to the latest period, 2006-2012, there are no signs of significant acceleration in the growth trend. Demographic structures and continued slow total factor productivity growth are both dampening trend output growth, although there will be large variation between different EU economies.

Intereconomics, 2018

In recent years, advanced economies around the globe have experienced a pronounced slowdown in pr... more In recent years, advanced economies around the globe have experienced a pronounced slowdown in productivity growth. The causes of this so-called secular stagnation remain unclear. Some economists argue that we are simply measuring productivity improvements incorrectly and that the statistics are ignoring technological innovations. Others place the blame on the Great Recession, arguing that labour productivity took the hit in countries with fl exible labour markets when GDP growth was constrained by globally defi cient demand. Most economists agree that stagnant productivity is a legitimate concern, and given that productivity growth is the main driver of economic growth, it is essential to fi nd remedies. Unfortunately, the current economic climate is characterised by a low potential for increased productivity growth, making it particularly diffi cult for Europe to achieve any progress in catching up with the higher productivity levels in the US. One potential source of improvement could be increased investment in intangible capital, which is positively linked to productivity growth. Finally, the most recent data indicate that after a decade of almost continuous slowdown, Europe's productivity performance is actually beginning to strengthen, in part due to the pro-cyclicality of productivity. If investment and business spending on digitisation persist, the uptick in labour productivity could translate into better total factor productivity growth, a measure of effi ciency which identifi es possible spillovers from new technologies and innovation.

This paper looks at the channels through which communication networks affect productivity growth.... more This paper looks at the channels through which communication networks affect productivity growth. We construct an EUKLEMS dataset (8 countries) modified to include wireless spectrum purchases and quality-adjusted prices for all components of ICT (i.e., including communication equipment and computer software). We examine the dataset’s implications for detecting network effects via (a) metrics introduced in this paper, (b) sources-of-growth analysis using capital measures more up-to-the-task than heretofore available, and (c) econometric estimation of ICT externalities. We zero in on whether communication capital (defined as the core infrastructure of the Internet and wireless networks) played a special role in the post-2002 economic growth of Europe and find evidence suggesting that it did. ∗The Conference Board and Georgetown University Center for Business and Public Policy. †The Conference Board. ‡This study received financial support from Telefónica. We thank Cecilia Jona-Lasinio,...

Marketing review St. Gallen : die neue Thexis-Marketingfachzeitschrift für Theorie und Praxis, 2019

Welche Trends beeinflussen die Customer-Journey im B-to-B und wie wird sie in naher Zukunft ausse... more Welche Trends beeinflussen die Customer-Journey im B-to-B und wie wird sie in naher Zukunft aussehen? Dieser Beitrag wirft einen Blick auf zukünftige Trends, welche die Customer-Journey im B-to-B erheblich beeinflussen werden. Exemplarisch wird die Ausgestaltung und Optimierung der zukünftigen Customer-Journey mittels Lead-Profiling am Beispiel der Künstlichen Intelligenz aufgezeigt, bei der neue Technologien Daten nutzbringend verwenden. Darüber hinaus steht die Customer-Journey-Transformation im Mittelpunkt. Schließlich ist es doch gerade die komplexe Transformation der Customer-Journey, die aufgrund ihrer Komplexität häufig von den Unternehmen vernachlässigt wird

Marketing review St. Gallen : die neue Thexis-Marketingfachzeitschrift für Theorie und Praxis, 2019

Die Auswirkungen der digitalen Revolution sind vielfältig. So gibt es inzwischen immer ausgefeilt... more Die Auswirkungen der digitalen Revolution sind vielfältig. So gibt es inzwischen immer ausgefeiltere Möglichkeiten, um mit Kunden in den Dialog zu treten. Unternehmen stehen deshalb vor der Herausforderung, die verschiedenen Kanäle und Kontaktpunkte mit ihren Kunden systematisch zu managen. Im Mittelpunkt steht dabei der Informations- und Entscheidungsprozess des Kunden - die Customer Journey. Sie gilt im Marketing als Königsdisziplin, bei der es darum geht, wie man am besten die "Reise des Kunden" erfasst, um Zielgruppen genau an der richtigen Stelle anzusprechen und Budgets gezielt in bestimmte Kanäle zu steuern. Marketing- und Vertriebsverantwortliche müssen sich daher Folgendes fragen: Was erwartet der Endkunde an den verschiedenen Touchpoints und wie sieht seine Customer Journey aus? Wie werden Unternehmen diesen Anforderungen gerecht

International Productivity Monitor, 2017

Using the latest release of sector-level growth and productivity data up to 2015 from the EU KLEM... more Using the latest release of sector-level growth and productivity data up to 2015 from the EU KLEMS database, evidence is mounting that the global financial crisis (2008/09) and the Euro Area recession (2011/12) have significantly damaged the growth potential of European economies across the board. None of the countries in the 12 EU member states included in the analysis have recovered to growth rates anywhere near to what they were in the decade before the crisis. Slow productivity growth which was already visible in most market services sectors before the crisis has broadened to the goods-producing sector for most European economies since the crisis. The manufacturing sector was particularly hard hit, and has only partially recovered. The dynamics of the global and Euro Area crises and their impact seem still to be in full swing, making it too early to judge whether output and productivity growth rates can still recover to the pre-crises rate or whether growth in Europe will end up...

Measuring Economic Growth and Productivity, 2020

Take-down policy If you believe that this document breaches copyright please contact us providing... more Take-down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim.

In this paper we explore the differentiated patterns of value added and productivity growth perfo... more In this paper we explore the differentiated patterns of value added and productivity growth performance (both labour and total factor productivity growth) in four large economies – EU, Japan, Russia and the US – and document the patterns of the widely recognized productivity slowdown (specifically in the period after the global financial crisis). Doing so, we analyse the changes in the various contributions of input factors (hours worked, labour composition, ICT and non-ICT capital) and total factor productivity (TFP) differentiating between highand low-skill intensive industries. For this exercise we make use of the recent release of Russia KLEMS and the (preliminary results) of the EU KLEMS Release 2019. The descriptive results of this paper enrich the literature on the global productivity slowdown to the most recent years and highlight differences across economies and industries as a base for further analysis. We find that that in all four economies TFP slowdown was particularly ...

We assess the impact of schooling and important patents in 1900 and 1910 on national income in th... more We assess the impact of schooling and important patents in 1900 and 1910 on national income in the 1960s. Even controlling for GDP per capita in 1910, we find that both the effects of schooling and important patents were always statistically and economically significant. Growth successes of the 20th century such as Japan or the Scandinavian countries were based on early human capital formation and their propensity to innovativeness.

This article revisits the issue of Europe's growth slowdown, taking into account the latest ... more This article revisits the issue of Europe's growth slowdown, taking into account the latest experiences from the recession and the debt crisis since 2008. There are few, if any, signs of even the beginnings of a reversal in the slowing growth trend, which is primarily driven by the weak productivity performance in most European countries. Recently, slow productivity growth has broadened from the services sector to the goods sector for most European economies. Output growth projections out to 2025 show a deceleration in Europe’s growth trend compared to the pre-recession period, and even compared to the latest period, 2006-2012, there are no signs of significant acceleration in the growth trend. Demographic structures and continued slow total factor productivity growth are both dampening trend output growth, although there will be large variation between different EU economies. RÉSUMÉ Le présent article revient sur la question du ralentissement de la croissance de la productivit...

International Productivity Monitor, 2013

This article revisits the issue of Europe's growth slowdown, taking into account the latest e... more This article revisits the issue of Europe's growth slowdown, taking into account the latest experiences from the recession and the debt crisis since 2008. There are few, if any, signs of even the beginnings of a reversal in the slowing growth trend, which is primarily driven by the weak productivity performance in most European countries. Recently, slow productivity growth has broadened from the services sector to the goods sector for most European economies. Output growth projections out to 2025 show a deceleration in Europe’s growth trend compared to the pre-recession period, and even compared to the latest period, 2006-2012, there are no signs of significant acceleration in the growth trend. Demographic structures and continued slow total factor productivity growth are both dampening trend output growth, although there will be large variation between different EU economies.