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Knowledge Spillovers, ICT and Productivity Growth

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  • Corrado, Carol

    (The Conference Board)

  • Haskel, Jonathan

    (Imperial College London)

  • Jona-Lasinio, Cecilia

    (ISTAT, Rome)

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.

Suggested Citation

  • Corrado, Carol & Haskel, Jonathan & Jona-Lasinio, Cecilia, 2014. "Knowledge Spillovers, ICT and Productivity Growth," IZA Discussion Papers 8274, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp8274
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    More about this item

    Keywords

    productivity growth; economic growth; intangible capital; intangible assets; ICT; spillovers;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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