Measuring the Contribution of Intangibles to Productivity Growth: A Disaggregate Analysis of Japanese Firms

Pablo Gonzalo Ramirez () and Toyohiko Hachiya ()
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Pablo Gonzalo Ramirez: Science of Institutional Management of Technology (SIMOT), Department of Industrial Engineering & Management, Tokyo Institute of Technology, 2-12-1 W9-51 Ookayama, Meguro-ku, Tokyo 152-8550, Japan
Toyohiko Hachiya: Department of Industrial Engineering & Management, Tokyo Institute of Technology, 2-12-1 Ookayama, Meguro-ku, Tokyo 152-8550, Japan

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2008, vol. 11, issue 02, 151-186

Abstract: In this study we examined Japanese firm-level data to test whether increments in intangible assets will leads to differences in productivity growth. Our results show that the marginal contribution of inputs varies a greatly among sectors, industries and depending on firm's size. Therefore, marginal increments in intangibles investments are not always associated with productivity growth suggesting that when intangibles exceed a threshold, additional investments could be inefficient. We conclude that among intangibles, firm-specific organizational capital and advertising are two of the critical factors in determining the productivity growth.

Keywords: Intangibles; productivity growth; sectors; industries; firm size (search for similar items in EconPapers)
JEL-codes: G1 G2 G3 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (5)

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DOI: 10.1142/S0219091508001301

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