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Are human capital, intellectual property rights, and research and development expenditures really important for total factor productivity? An empirical analysis

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  • Misbah Habib
  • Jawad Abbas
  • Rahat Noman

Abstract

Purpose - The purpose of this paper is to investigate the impact of human capital (HC), intellectual property rights (IPRs) and research and development (R&D) expenditures on total factor productivity (TFP), which leads to economic growth. Design/methodology/approach - The panel data technique is used on a sample of 16 countries categorized into two groups, namely Brazil, Russia, India and China (BRIC) and Central and Eastern European (CEE) countries and, in order to make a comparison for the time period of 2007–2015, the researchers used a fixed effect model as an estimation method for regression. Findings - The results indicate that HC, IPRs and R&D expenditures appear to be statistically significant and are strong factors in determining changes in TFP and exhibit positive results in all sample sets. Moreover, IPRs alone do not accelerate growth in an economy, especially taking the case of emerging nations. Originality/value - Considering the importance of CEE and BRIC countries, and inadequate research on these regions with respect to current study’s variables and techniques, the present research provides valuable insights about the importance of HC, IPR and R&D activities and their impact on TFP, which leads to economic growth. IPRs create a fertile environment for R&D activities, knowledge creation and economic development. Distinct nations can attain better economic status via HC, R&D activities, innovation, trade and FDI, although the relative significance of these channels is likely to differ across countries depending on their developmental levels.

Suggested Citation

  • Misbah Habib & Jawad Abbas & Rahat Noman, 2019. "Are human capital, intellectual property rights, and research and development expenditures really important for total factor productivity? An empirical analysis," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 46(6), pages 756-774, February.
    • Handle: RePEc:eme:ijsepp:ijse-09-2018-0472
    DOI: 10.1108/IJSE-09-2018-0472
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    Citations

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    Cited by:

    1. Erdemalp Ozden & Didem Guleryuz, 2022. "Optimized Machine Learning Algorithms for Investigating the Relationship Between Economic Development and Human Capital," Computational Economics, Springer;Society for Computational Economics, vol. 60(1), pages 347-373, June.
    2. Long, Houyin & Wu, Guilin & Wang, Jiaxin & Zhang, Pengdong, 2023. "How U.S. job policy affects China's scientific and technological manufacturing firms? A perspective based on the competitive environment," Energy Economics, Elsevier, vol. 126(C).
    3. Lin, Kun, 2023. "The impact of intellectual property protection on business performance of high-tech enterprises: The mediating effect of political-business relations," Finance Research Letters, Elsevier, vol. 54(C).
    4. Owusu Victor Kwarteng & Gregar Ales & Ntsiful Alex, 2021. "Organizational diversity and competency-based performance: The mediating role of employee commitment and job satisfaction," Management & Marketing, Sciendo, vol. 16(4), pages 352-369, December.
    5. Yidan Liang, 2023. "Capital and labour distortion in China: a systematic literature review using HistCite," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(2), pages 1759-1784, June.
    6. Yuwei Deng & Jacob Cherian & Kalpina Kumari & Sarminah Samad & Jawad Abbas & Muhammad Safdar Sial & József Popp & Judit Oláh, 2022. "Impact of Sleep Deprivation on Job Performance of Working Mothers: Mediating Effect of Workplace Deviance," IJERPH, MDPI, vol. 19(7), pages 1-17, March.
    7. Su, Zhongfeng & Wang, Chenfeng & Peng, Mike W., 2022. "Intellectual property rights protection and total factor productivity," International Business Review, Elsevier, vol. 31(3).
    8. Jinqiu Li & Yuyou Zou & Mingqiu Li, 2022. "Synergetic evolution of the regional intellectual property management systems in China based on logistic model," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3736-3750, December.
    9. Sajjad Alam & Zhang Jianhua & Jafar Hussain & Muhammad Usman Shahzad & Ahmad Ali, 2024. "The Inclusive Analysis of Green Technology Implementation Effect on Employee Knowledge, Health, Job Opportunities in the Production Houses," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 273-291, March.
    10. Víctor Gómez-Valenzuela, 2022. "Intellectual capital factors at work in Dominican firms: understanding their influence," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-24, December.
    11. Doré, Natalia I. & Teixeira, Aurora A.C., 2023. "The role of human capital, structural change, and institutional quality on Brazil's economic growth over the last two hundred years (1822–2019)," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 1-12.
    12. Pengfei Cheng & Yuhao Wang & Mengzhen Wang, 2024. "Does intellectual property rights protection help reduce carbon emissions?," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    13. Ernest Kay Bakpa & Hu Xuhua & Abigail Konadu Aboagye, 2021. "Ghana’s economic growth: Directing our focus on the contributing influences of innovation activities and trade," Growth and Change, Wiley Blackwell, vol. 52(4), pages 2213-2237, December.
    14. Luis Felipe Beltrán-Morales & Marco Antonio Almendarez-Hernández & Gerzaín Avilés-Polanco & David J Jefferson, 2021. "Effects of the utilization of intellectual property by scientific researchers on economic growth in Mexico," PLOS ONE, Public Library of Science, vol. 16(10), pages 1-23, October.
    15. Lukáš Smerek & Milota Vetráková & Šárka Čemerková & Vojtěch Malátek, 2020. "Comparison of the Level of Personnel Work in the Czech Republic and Slovakia," Sustainability, MDPI, vol. 13(1), pages 1-16, December.
    16. awel Dobrzanski & Sebastian Bobowski, 2021. "Structural and Productivity Changes in the European Countries During COVID-19 Pandemic," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 872-882.
    17. Zhikang Xie & Xinglin Liu & Hina Najam & Qinghua Fu & Jawad Abbas & Ubaldo Comite & Laura Mariana Cismas & Andra Miculescu, 2022. "Achieving Financial Sustainability through Revenue Diversification: A Green Pathway for Financial Institutions in Asia," Sustainability, MDPI, vol. 14(6), pages 1-16, March.
    18. Khumbuzile C. Mosoma & Renee van Eyden & Heinrich R. Bohlmann, 2023. "Measuring Total Factor Productivity in the South African Agricultural Sector Using a Growth Accounting Framework," Working Papers 202306, University of Pretoria, Department of Economics.
    19. Jawad Abbas & Uthman Alturki & Misbah Habib & Ahmed Aldraiweesh & Waleed Mugahed Al-Rahmi, 2021. "Factors Affecting Students in the Selection of Country for Higher Education: A Comparative Analysis of International Students in Germany and the UK," Sustainability, MDPI, vol. 13(18), pages 1-17, September.
    20. Liaqat Ali & Naveed Akhtar, 2024. "The Effectiveness of Export, FDI, Human Capital, and R&D on Total Factor Productivity Growth: the Case of Pakistan," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3085-3099, March.

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