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The role of innovation and human capital for the productivity of industries

Author

Listed:
  • Emile Cammeraat

    (OECD)

  • Lea Samek

    (OECD)

  • Mariagrazia Squicciarini

    (OECD)

Abstract

This paper sheds light on the relationship between innovation, human capital endowment and upgrading, organisational capital (OC) and labour productivity. In addition to assessing correlations, it uses a Heckman selection model to address causal links and to account for the ways in which skills and investment in R&D affect the probability of innovating. The analysis finds that innovative output, the proportion of OC-related workers, investment in training (especially in informal training) and physical capital intensity are positively and significantly related to productivity. In most estimates ICT skills, cognitive skills and the presence of highly skilled workers in an industry also emerge as having a significant and positive relationship with productivity. ICT skills further appear to indirectly shape productivity, through a positive relationship with innovation.

Suggested Citation

  • Emile Cammeraat & Lea Samek & Mariagrazia Squicciarini, 2021. "The role of innovation and human capital for the productivity of industries," OECD Science, Technology and Industry Policy Papers 103, OECD Publishing.
    • Handle: RePEc:oec:stiaac:103-en
    DOI: 10.1787/197c6ae9-en
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    Cited by:

    1. Aleksandra Kuzior & Olena Arefieva & Alona Kovalchuk & Paulina Brożek & Volodymyr Tytykalo, 2022. "Strategic Guidelines for the Intellectualization of Human Capital in the Context of Innovative Transformation," Sustainability, MDPI, vol. 14(19), pages 1-17, September.

    More about this item

    Keywords

    Human Capital; ICT; Innovation; Labour Productivity; Organisational Capital; Patent; R&D; Skills; STEM; Training;
    All these keywords.

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