The Impact of Non-R&D Intangible Capital on TFP Growth: Evidence from Multi-country Industry Level Data

Xiuying Ma (), Fei Jia (), Hong Jiang () and Xiangyun Xu ()
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Xiuying Ma: Jilin University of Finance and Economics
Fei Jia: Jilin University of Finance and Economics
Hong Jiang: Shanghai University of Finance and Economics
Xiangyun Xu: Nanjing University of Finance and Economics

Journal of the Knowledge Economy, 2022, vol. 13, issue 4, No 12, 2890-2910

Abstract: Abstract Compared R&D capital, the role of non-R&D intangible capital in TFP growth is under-researched. This study seeks to address this gap. The econometric analysis of industrial level data for 13 developed countries over the period of 1995–2010 shows that the growth of non-R&D intangible capital has a positive effect on TFP growth of a country. Further analysis finds that similar to R&D capital, non-R&D intangible capital also generates spillovers across industries and countries that drive TFP growth. It also shows that R&D and ICT intangible capital enhance the effect of non-R&D intangible capital. These findings extend the burgeoning literature on the role of non-R&D intangible capital in TFP growth and carry important policy implications.

Keywords: Intangible capital, Non-R&D intangible capital, R&D intangible capital, ICT intangible capital, TFP, Jel Code: D24; O47; O52 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s13132-021-00848-0

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