Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/174289
Authors: 
Di Ubaldo, Mattia
Traistaru, Iulia
Year of Publication: 
2017
Series/Report no.: 
ESRI Working Paper 556
Abstract: 
This paper examines the impact of investment in knowledge-based capital on firm productivity. The analysis is based on a dynamic econometric model estimated with micro-data from Ireland over the period 2006-2012. We use broad measures of investment in knowledge-based capital which include expenditures on R&D, and on non-R&D intangible assets such as computer software, copyrights, patents and licences, royalties and organisational capital. The results indicate that on average, over and above other factors, an increase in investment in knowledge-based capital of 10 per cent increases firm productivity by 2 per cent. The research results indicate that productivity gains linked to investment in KBC are larger for Irish-owned firms in comparison to foreign-owned firms. Further, the estimates indicate that firms' productivity is more responsive to investment in R&D than to investment in non-R&D intangible assets.
Subjects: 
Investment in intangible fixed assets
productivity
firm heterogeneity
JEL: 
F61
L22
O33
Document Type: 
Working Paper

Files in This Item:
File
Size
752.76 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.