The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 

Knowledge Spillovers, ICT and Productivity Growth


June 2014 | Economics Program Working Paper Series

What are the channels through which intangible assets affect productivity? The econometric analysis discussed in this report exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. The authors find that the marginal impact of ICT capital is higher when it is complemented with intangible capital, and 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 produce productivity growth spillovers via mechanisms beyond those previously established for R&D.

This working paper is complimentary.


AUTHORS

CarolCorrado1.jpg

Carol Corrado

Senior Advisor and Research Director, Economics Program
The Conference Board

Haskel_web.jpg

Prof. Jonathan Haskel

Chair in Economics
Imperial College London


Our Experts

BartVanArk1.jpg

Bart van Ark

Managing Director and Principal Investigator

Ataman.jpg

Ataman Ozyildirim

Senior Director, Economics and Global Research Chair

GadLevanon.jpg

Gad Levanon, PhD

Vice President, Labor Markets

CarolCorrado1.jpg

Carol Corrado

Senior Advisor and Research Director, Economics Program

AbdulErumban.jpg

Abdul Erumban

Senior Research Fellow

ElizabethCrofoot.jpg

Elizabeth Crofoot

Senior Economist

OTHER RELATED CONTENT

Support Our Work

Support our nonpartisan, nonprofit research and insights that help leaders address societal challenges.

Donate