Knowledge Spillovers, ICT and Productivity Growth

27 Pages Posted: 27 Jun 2017

See all articles by Carol A. Corrado

Carol A. Corrado

The Conference Board; Georgetown University - Center for Business and Public Policy

Jonathan Haskel

Imperial College Business School; Centre for Economic Policy Research (CEPR); IZA Institute of Labor Economics

Cecilia Jona Lasinio

Italian Statistical Institute

Multiple version iconThere are 3 versions of this paper

Date Written: August 2017

Abstract

This paper looks at the channels through which intangible assets affect productivity growth. The econometric analysis exploits a new data set 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 output elasticity of intangible capital depends upon ICT intensity, consistent with complementarities between ICT and intangible capital; (b) non‐R&D intangible capital has a higher estimated output elasticity than its factor share, as does (c) an index of labour composition. The last two findings are consistent with growth spillovers from investments in knowledge‐based/intangible capital and skills.

Suggested Citation

Corrado, Carol A. and Haskel, Jonathan and Jona Lasinio, Cecilia, Knowledge Spillovers, ICT and Productivity Growth (August 2017). Oxford Bulletin of Economics and Statistics, Vol. 79, Issue 4, pp. 592-618, 2017, Available at SSRN: https://ssrn.com/abstract=2992890 or http://dx.doi.org/10.1111/obes.12171

Carol A. Corrado (Contact Author)

The Conference Board ( email )

845 Third Avenue
New York, NY 10022
United States
202-340-0252 (Phone)

Georgetown University - Center for Business and Public Policy ( email )

Washington, DC 20057
United States

HOME PAGE: http://cbpp.georgetown.edu

Jonathan Haskel

Imperial College Business School ( email )

South Kensington Campus
Exhibition Road
London SW7 2AZ, SW7 2AZ
United Kingdom
020 7594 8563 (Phone)
020 7594 5915 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Cecilia Jona Lasinio

Italian Statistical Institute ( email )

Via Cesare Balbo , 16
Rome
Italy

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
1
Abstract Views
321
PlumX Metrics