Table 3: Estimated Coefficients Used for the Measurement of Productivity J-Curves
Note: The table summarizes the coefficients used to compute the TFP measure revised accounting for all three intangible capital types at the same time, shown in Figure 4. Coefficients for R&D and software are obtained from the GMM estimates in Table 1, while those for organizational capital are obtained from the GMM estimates in Table 2. If any coefficient is not positive, significant, or larger than the respective asset price in those tables, it is replaced with the corresponding full sample estimate. Replaced coefficients are marked with an asterisk (*).