Productivity drivers: empirical evidence on the role of digital and intangible capital, FDI and integration
Amat Adarov,
David Klenert,
Robert Marschinski and
Robert Stehrer
Applied Economics, 2022, vol. 54, issue 48, 5515-5531
Abstract:
We examine the drivers of labor productivity at aggregate and sectoral levels focusing on tangible and intangible ICT capital, FDI and global value chain participation. The analysis, based on a panel dataset of 18 EU countries, the US and Japan over the period 2000–2017, reveals an important role of ICT capital, especially intangible ICT capital embodied in software and databases, in driving labor productivity growth. Furthermore, backward global value chain participation is also positively associated with productivity. Contrary to expectations, we do not find evidence of a productivity-enhancing effect of foreign direct investment when controlling for phantom FDI related to special purpose entities.
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)
Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2022.2047598 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:54:y:2022:i:48:p:5515-5531
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20
DOI: 10.1080/00036846.2022.2047598
Access Statistics for this article
Applied Economics is currently edited by Anita Phillips
More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().