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Knowledge spillovers, ICT and productivity growth

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Title: Knowledge spillovers, ICT and productivity growth
Authors: Haskel, J
Item Type: Journal Article
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 output elasticity of intangible capital depends upon ICT inten- sity, consistent with complementarities between ICT and intangible capital; (b) non-R&D intangible capital has higher estimated output elasticities than its factor shares, as does (c) labour quality. The last two findings are consistent with spillovers from investments in knowledge-based/intangible capital and skills.
Issue Date: Aug-2017
Date of Acceptance: 20-Jan-2017
URI: http://hdl.handle.net/10044/1/44171
DOI: 10.1111/obes.12171
ISSN: 1468-0084
Publisher: Wiley
Start Page: 592
End Page: 618
Journal / Book Title: Oxford Bulletin of Economics and Statistics
Volume: 79
Issue: 4
Copyright Statement: © 2017 The Department of Economics, University of Oxford and John Wiley & Sons Ltd. This is an Accepted Manuscript of an article published by Taylor & Francis in Corrado, C., Haskel, J. and Jona‐Lasinio, C. (2017), Knowledge Spillovers, ICT and Productivity Growth. Oxf Bull Econ Stat, 79: 592-618 on [date of publication], available online: https://doi.org/10.1111/obes.12171
Sponsor/Funder: Commission of the European Communities
Funder's Grant Number: 612774
Keywords: productivity growth
economic growth
intangible capital
intangible assets
ICT
spillovers
Economics
14 Economics
Publication Status: Published
Online Publication Date: 2017-03-24
Appears in Collections:Imperial College Business School