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Knowledge capital and productivity in Spanish industry

Author

Listed:
  • César Rodríguez-Gutiérrez

    (Universidad de Oviedo)

  • Juan Francisco Canal-Domínguez

    (Universidad de Oviedo)

Abstract

This research is aimed at measuring the effects of firms’ knowledge capital stock changes in production, using the information provided by a panel of Spanish industrial firms. In order to assess the size of these effects depending upon the type of industry, we split the sample into two broad branches of business activity: Low and Medium-low (LML), and High and Medium-high (HMH) technological firms. Estimate outcomes show that the elasticity of output with respect to knowledge capital is always positive and significant. Moreover, the highest productivity gains derived from innovation are observed in High and Medium-high technological firms.

Suggested Citation

  • César Rodríguez-Gutiérrez & Juan Francisco Canal-Domínguez, 2020. "Knowledge capital and productivity in Spanish industry," Revista de Economía Laboral - Spanish Journal of Labour Economics, Asociación Española de Economía Laboral - AEET, vol. 17, pages 46-64.
    • Handle: RePEc:rel:journl:y:2020:v:17:n:1:p:46-64
    Note: Vol. 17, Núm. 1 (2020)
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    R&D expenditures; knowledge capital; innovation; productivity;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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