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The Impact of Non-R&D Intangible Capital on TFP Growth: Evidence from Multi-country Industry Level Data

Author

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  • Xiuying Ma

    (Jilin University of Finance and Economics)

  • Fei Jia

    (Jilin University of Finance and Economics)

  • Hong Jiang

    (Shanghai University of Finance and Economics)

  • Xiangyun Xu

    (Nanjing University of Finance and Economics)

Abstract

Compared R&D capital, the role of non-R&D intangible capital in TFP growth is under-researched. This study seeks to address this gap. The econometric analysis of industrial level data for 13 developed countries over the period of 1995–2010 shows that the growth of non-R&D intangible capital has a positive effect on TFP growth of a country. Further analysis finds that similar to R&D capital, non-R&D intangible capital also generates spillovers across industries and countries that drive TFP growth. It also shows that R&D and ICT intangible capital enhance the effect of non-R&D intangible capital. These findings extend the burgeoning literature on the role of non-R&D intangible capital in TFP growth and carry important policy implications.

Suggested Citation

  • Xiuying Ma & Fei Jia & Hong Jiang & Xiangyun Xu, 2022. "The Impact of Non-R&D Intangible Capital on TFP Growth: Evidence from Multi-country Industry Level Data," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 2890-2910, December.
    • Handle: RePEc:spr:jknowl:v:13:y:2022:i:4:d:10.1007_s13132-021-00848-0
    DOI: 10.1007/s13132-021-00848-0
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    More about this item

    Keywords

    Intangible capital; Non-R&D intangible capital; R&D intangible capital; ICT intangible capital; TFP; Jel Code: D24; O47; O52;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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