Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155276
Authors: 
Piva, Mariacristina
Tani, Massimiliano
Vivarelli, Marco
Year of Publication: 
2017
Series/Report no.: 
GLO Discussion Paper 14
Abstract: 
The aim of this paper is to investigate the productivity impact of business visits, relative to traditional drivers of productivity enhancement, namely capital formation and R&D. To carry out the analysis, we combine unique and novel data on business visits sourced from the U.S. National Business Travel Association with OECD data on R&D and capital formation. The resulting unbalanced panel covers on average 16 sectors per year in 10 countries during the period 1998-2011 (2,262 observations). Our results suggest that mobility through business visits is an effective mechanism to improve productivity. The estimated effect is about half as large as investing in R&D, supporting viewing business visits as a form of long-term investment rather than pure consumption expenditure. In a nutshell, our outcomes support the need to recognize the private and social value of business mobility.
Subjects: 
Business visits
labour mobility
knowledge
R&D
productivity
JEL: 
O33
Document Type: 
Working Paper

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