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To what extent are the productivity spillovers of information technology related to R&D activity? Do these factors …-run productivity growth. We control for either the domestic specialization in digital productions or import penetration of high …-tech goods. In any case, the national endowment of IT assets emerges as a robust source of spillovers. It is also shown that the …
Persistent link: https://www.econbiz.de/10004990576
We analyze the impact of international R&D spillovers on recipient countries in terms of social and private returns. We … Productivity. We endogenize the accrual of the R&D stocks by estimating an R&D investment function. We find that the marginal …&D intensive countries are expected to generate more spillovers at the margin, but the observed R&D stock is smaller than the …
Persistent link: https://www.econbiz.de/10011573960
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 …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10010374120
We analyze the impact of international R&D spillovers on recipient countries in terms of social and private returns. We … Productivity. We endogenize the accrual of the R&D stocks by estimating an R&D investment function. We find that the marginal …&D intensive countries are expected to generate more spillovers at the margin, but the observed R&D stock is smaller than the …
Persistent link: https://www.econbiz.de/10011584954
We analyze the impact of international R&D spillovers on recipient countries in terms of social and private returns. We … Productivity. We endogenize the accrual of the R&D stocks by estimating an R&D investment function. We find that the marginal …&D intensive countries are expected to generate more spillovers at the margin, but the observed R&D stock is smaller than the …
Persistent link: https://www.econbiz.de/10012964191
This paper assesses the productivity puzzle critically and gives an outlook on the COVID-19 crisis. It offers two main … conclusions. First, it posits that a large fraction of the productivity puzzle can be solved by incorporating intangible capital … into the asset boundary of the national accounts. Thus, the productivity puzzle is largely explained as a consequence of …
Persistent link: https://www.econbiz.de/10012485717
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
This paper brings together the latest data and OECD productivity indicators in different areas with the aim of … reviewing the main productivity trends over the past decade, comparing the United States, Europe and to some extent Japan …. Concerning economy wide indicators of productivity, the slowdown appears to be due to a significant slowdown in investment in …
Persistent link: https://www.econbiz.de/10010708744
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 …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10013051449
spillovers: trade, co-patenting and geographical proximity. Both our panel and instrumental variable estimations for European …Productivity across European regions is related to three types of networks that mediate R&D-related knowledge … regions suggest that network relations are crucial sources of R&D spillovers, but with potentially different features. While …
Persistent link: https://www.econbiz.de/10011772896