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Role of ICT in the Global Investment Cycle
In this paper, an empirical model is estimated whose out-of-sample forecasts largely predicted the global investment boom of the late 1990s. The main factor behind the improved model performance is the distinction between investment in ICT assets and investment in other assets, using disaggregated investment data provided by the OECD.
Geography
Link
http://econpapers.repec.org/scripts/redir.pl?u=http%3A%2F%2Fwww.bankofengland.co.uk%2Fpublications%2Fworkingpapers%2Fwp257.pdf;h=repec:boe:boeewp:257