Arbeitspapier

Business Visits, Knowledge Diffusion and Productivity

The aim of this paper is to investigate the productivity impact of business visits, relative to traditional drivers of productivity enhancement, namely capital formation and R&D. To carry out the analysis, we combine unique and novel data on business visits sourced from the U.S. National Business Travel Association with OECD data on R&D and capital formation. The resulting unbalanced panel covers on average 16 sectors per year in 10 countries during the period 1998-2011 (2,262 observations). Our results suggest that mobility through business visits is an effective mechanism to improve productivity. The estimated effect is about half as large as investing in R&D, supporting viewing business visits as a form of long-term investment rather than pure consumption expenditure. In a nutshell, our outcomes support the need to recognize the private and social value of business mobility.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 10421

Klassifikation
Wirtschaft
Technological Change: Choices and Consequences; Diffusion Processes
Thema
business visits
labour mobility
knowledge
R&D
productivity

Ereignis
Geistige Schöpfung
(wer)
Piva, Mariacristina
Tani, Massimiliano
Vivarelli, Marco
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2016

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Piva, Mariacristina
  • Tani, Massimiliano
  • Vivarelli, Marco
  • Institute of Labor Economics (IZA)

Entstanden

  • 2016

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