The role of innovation and human capital for the productivity of industries

Emile Cammeraat, Lea Samek and Mariagrazia Squicciarini
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Emile Cammeraat: OECD
Lea Samek: OECD
Mariagrazia Squicciarini: OECD

No 103, OECD Science, Technology and Industry Policy Papers from OECD Publishing

Abstract: This paper sheds light on the relationship between innovation, human capital endowment and upgrading, organisational capital (OC) and labour productivity. In addition to assessing correlations, it uses a Heckman selection model to address causal links and to account for the ways in which skills and investment in R&D affect the probability of innovating. The analysis finds that innovative output, the proportion of OC-related workers, investment in training (especially in informal training) and physical capital intensity are positively and significantly related to productivity. In most estimates ICT skills, cognitive skills and the presence of highly skilled workers in an industry also emerge as having a significant and positive relationship with productivity. ICT skills further appear to indirectly shape productivity, through a positive relationship with innovation.

Keywords: Human Capital; ICT; Innovation; Labour Productivity; Organisational Capital; Patent; R&D; Skills; STEM; Training (search for similar items in EconPapers)
Date: 2021-03-16
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ict, nep-ino, nep-knm and nep-tid
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:oec:stiaac:103-en

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