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 …

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 …

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 …

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 …

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 …

The measurement of the impact of IT spillovers on productivity is an important emerging area of research. Studies of IT … spillovers often adopt a ‘production function’ approach commonly used for measuring R&D spillovers, in which an external pool of … estimated social returns to IT investment. This problem is particularly severe for estimating IT spillovers due to the high …

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 …

In the past decades, intangibles assets have become an important source of productivity and economic growth in … the impact of intangible investments on productivity growth in frontier countries, there is not much evidence for the … productivity at the firm level. Second, the analysis at the firm level and the panel structure of the data allows us to control for …

paper sheds new light on the labour productivity premium from adopting digital technologies and boosting digital skill use …. The productivity premium is decomposed into a direct effect benefitting the firms actually increasing their digital … intensity, and an indirect effect of belonging to a sector with high digital intensity. The firm-level productivity premium of …