-- JonathanHaskel - 10 May 2013

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Title Productivity and Growth in UK Industries: An Intangible Investment Approach
Author Mariela Dal Borgo, Peter Goodridge, Jonathan Haskel and Annarosa Pesole
Year 2013
Abstract This article calculates some facts for the ‘knowledge economy’. Using new data,
first we document UK intangible investment and find that (i) this is greater than
tangible investment by £37bn in 2008; (ii) R&D is 11% of total intangible investment,
software 15%, and training and organizational capital 22% each; (iii) the
most intangible-intensive industries are manufacturing and financial services. Next,
we measure the contribution of intangible capital to growth for 2000–08. We find
that intangible capital accounts for 23% of labour productivity growth and treating
intangibles as investment lowers total factor productivity growth in the 2000s by
24% (R&D lowers it by 3%).
Type Paper
Location doi: 10.1111/j.1468-0084.2012.00718.x
DownloadInfo http://onlinelibrary.wiley.com/doi/10.1111/j.1468-0084.2012.00718.x/pdf
Remarks Dal Borgo, M., Goodridge, P., Haskel, J. and Pesole, A., (2013), “Productivity and Innovation in UK Industries: An Intangible Approach”, Oxford Bulletin of Economics and Statistics, forthcoming, Online version, August 2012, doi: 10.1111/j.1468-0084.2012.00718.x.
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Topic revision: r1 - 10 May 2013, JonathanHaskel

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