Knowledge capital and productivity in Spanish industry

César Rodríguez-Gutiérrez and Juan Francisco Canal-Domínguez
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César Rodríguez-Gutiérrez: Universidad de Oviedo
Juan Francisco Canal-Domínguez: Universidad de Oviedo

Revista de Economía Laboral - Spanish Journal of Labour Economics, 2020, vol. 17, No 1, 46-64

Abstract: This research is aimed at measuring the effects of firms’ knowledge capital stock changes in production, using the information provided by a panel of Spanish industrial firms. In order to assess the size of these effects depending upon the type of industry, we split the sample into two broad branches of business activity: Low and Medium-low (LML), and High and Medium-high (HMH) technological firms. Estimate outcomes show that the elasticity of output with respect to knowledge capital is always positive and significant. Moreover, the highest productivity gains derived from innovation are observed in High and Medium-high technological firms.

Keywords: R&D expenditures; knowledge capital; innovation; productivity (search for similar items in EconPapers)
JEL-codes: D24 J23 O33 (search for similar items in EconPapers)
Date: 2020
Note: Vol. 17, Núm. 1 (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:rel:journl:y:2020:v:17:n:1:p:46-64

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