TY  - RPRT
        AU  - Corrado, Carol
AU  - Haskel, Jonathan
AU  - Jona-Lasinio, Cecilia
        TI  - Knowledge Spillovers, ICT and Productivity Growth
        PY  - 2014/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8274
        UR  - https://www.iza.org/publications/dp8274
        AB  - 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.
        KW  - intangible assets
KW  - intangible capital
KW  - economic growth
KW  - productivity growth
KW  - ICT
KW  - spillovers
        ER  -