Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/174290
Authors: 
Siedschlag, Iulia
Lawless, Martina
Di Ubaldo, Mattia
Year of Publication: 
2017
Series/Report no.: 
ESRI Working Paper 557
Abstract: 
This paper reviews the international evidence on measuring investment in knowledge-based capital (KBC) and its impact on productivity. On this evidence basis, it provides a conceptual framework to analyse Ireland's performance in this area on macroeconomic, industry and firm levels. The evidence reviewed in this paper indicates that investment in KBC is sizeable and has increased over time in many advanced economies, including Ireland. At the country, sectoral and firm level, the contribution of investment in KBC to productivity growth over and above other factors including investment in tangible capital is documented as important. This paper also reviews and discusses economic framework policies which could incentivise further investment in knowledge-based capital in Ireland.
Subjects: 
Investment in knowledge-based capital
productivity growth
public policy
JEL: 
O34
E01
D22
O38
Document Type: 
Working Paper

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