Knowledge Spillovers, ICT and Productivity Growth

Carol Corrado, Jonathan Haskel () and Cecilia Jona-Lasinio

No 8274, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: 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.

Keywords: intangible assets; intangible capital; economic growth; productivity growth; ICT; spillovers (search for similar items in EconPapers)
JEL-codes: E01 E22 O47 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2014-06
New Economics Papers: this item is included in nep-cse, nep-eff, nep-gro, nep-ict, nep-ino and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Published - published in: Oxford Bulletin of Economics and Statistics, 2017, 79 (4), 592 - 618

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Related works:
Journal Article: Knowledge Spillovers, ICT and Productivity Growth (2017)
Working Paper: Knowledge Spillovers, ICT and Productivity Growth (2014)
Working Paper: Knowledge spillovers, ICT and productivity growth (2014)
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