Knowledge Spillovers, ICT and Productivity Growth

Arbeitspapier

This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the marginal impact of ICT capital is higher when it is complemented with intangible capital, and (b) non-R&D intangible capital has a higher estimated output elasticity than its conventionally-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity growth spillovers via mechanisms beyond those previously established for R&D.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 8274

Classification and Topics

• Classification: Wirtschaft ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Investment; Capital; Intangible Capital; Capacity ; Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
• Subject: productivity growth ; economic growth ; intangible capital ; intangible assets ; ICT ; spillovers

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Corrado, Carol ; Haskel, Jonathan ; Jona-Lasinio, Cecilia
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/98966
• Last update: 10.03.2025, 11:43 AM CET