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Knowledge Spillovers, ICT and Productivity Growth

Jonathan Haskel ()
Authors registered in the RePEc Author Service: Cecilia Jona-Lasinio () and Carol A. Corrado

No 10057, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the marginal impact of ICT capital is higher when it is complemented with intangible capital, and (b) non-R&D intangible capital has a higher estimated output elasticity than its conventionally-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity growth spillovers via mechanisms beyond those previously established for R&D.

Keywords: Ict; Intangible assets; Intangible capital; Spillovers; Productivity growth; Economic growth (search for similar items in EconPapers)
JEL-codes: E01 E22 O47 (search for similar items in EconPapers)
Date: 2014-07
New Economics Papers: this item is included in nep-eff, nep-gro, nep-ict, nep-ino, nep-knm, nep-mac, nep-sbm and nep-tid
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Related works:
Journal Article: Knowledge Spillovers, ICT and Productivity Growth (2017) Downloads
Working Paper: Knowledge spillovers, ICT and productivity growth (2014) Downloads
Working Paper: Knowledge Spillovers, ICT and Productivity Growth (2014) Downloads
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