R&D, knowledge spillovers and company productivity performance |
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Authors: | Mary O’Mahony Michela Vecchi |
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Institution: | National Institute of Economic and Social Research, 2 Dean Trench Street, Smith Square, London SW1P 3HE, UK |
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Abstract: | Using company accounts data for 5 countries (US, UK, Japan, France and Germany) we analyse the relationship between intangible assets and productivity. We integrate the company data with industry information on tangible and intangible investments and skill composition of the labour force. The industry data are summarised in two different taxonomies, factor and skill intensive groups, which account for differences in the knowledge intensity and innovative activities within sectors. The results provide evidence of higher productivity in R&D and skill intensive industries. This can be interpreted as evidence in favour of the presence of spillover effects. |
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Keywords: | 03 D24 D62 C23 C81 |
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