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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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Abstract

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.

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Notes

  1. The number of countries is reduced 11 because EU KLEMS的ISIC Rev. 4 (NACE 2) did not provide data for Czech Republic, Denmark, Ireland, Slovenia.

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Authors and Affiliations

  1. School of Statistics, Jilin University of Finance and Economics, Changchun, 130117, China

    Xiuying Ma & Fei Jia

  2. College of Business, Shanghai University of Finance and Economics, Shanghai, 200433, China

    Hong Jiang

  3. School of International Economics and Business, Nanjing University of Finance and Economics, Nanjing, 210023, China

    Xiangyun Xu

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  1. Xiuying Ma
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Ma, X., Jia, F., Jiang, H. et al. The Impact of Non-R&D Intangible Capital on TFP Growth: Evidence from Multi-country Industry Level Data. J Knowl Econ 13, 2890–2910 (2022). https://doi.org/10.1007/s13132-021-00848-0

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