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The Impact of Non-R&D Intangible Capital on TFP Growth: Evidence from Multi-country Industry Level Data
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The Impact of Non-R&D Intangible Capital on TFP Growth: Evidence from Multi-country Industry Level Data
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Journal Article
The Impact of Non-R&D Intangible Capital on TFP Growth: Evidence from Multi-country Industry Level Data
2022
Overview
Compared R&D capital, the role of non-R&D intangible capital in TFP growth is under-researched. This study seeks to address this gap. The econometric analysis of industrial level data for 13 developed countries over the period of 1995–2010 shows that the growth of non-R&D intangible capital has a positive effect on TFP growth of a country. Further analysis finds that similar to R&D capital, non-R&D intangible capital also generates spillovers across industries and countries that drive TFP growth. It also shows that R&D and ICT intangible capital enhance the effect of non-R&D intangible capital. These findings extend the burgeoning literature on the role of non-R&D intangible capital in TFP growth and carry important policy implications.
Publisher
Springer Nature B.V
Subject
