-- JonathanHaskel - 13 Apr 2012

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Title Spillovers from R&D and other intangible investment: evidence from UK industries
Author Peter Goodridge, Jonathan Haskel, Gavin Wallis
Year 2012.2
Abstract Many agree that evidence exists consistent with spillovers from R&D. But is there any evidence of spillovers from a broader range of knowledge (or intangible) investments, such as software, design or training? We build data on investment in this broader intangible range for 7 UK industries covering 1992 to 2007. Using the industry-level method in the R&D literature, Griliches (1973) for example, we regress industry TFP growth on external knowledge stock growth, where the latter is the outside industry knowledge stock growth weighted by matrices based on flows of intermediate consumption and workers. Consistent with spillovers from R&D, we estimate a positive statistically significant correlation between industry TFP growth and outside R&D knowledge stock growth, with magnitudes in line with other studies. Our main new result is that we find statistically significant correlations between TFP growth and outside total intangible knowledge stock growth
Type Paper
Location
DownloadInfo Interind_knowledge_spillovers_FINAL_title.pdf: Spillovers of intangibles using UK Industry Data
Remarks Paper under revision with new data...
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Ind_spillovers_2nd_SUBMITTED_REVISION_15Jan13.pdfpdf Ind_spillovers_2nd_SUBMITTED_REVISION_15Jan13.pdf manage 206.1 K 21 Feb 2013 - 11:31 JonathanHaskel Revised version of spillovers paper using industry estimates
Topic revision: r3 - 21 Feb 2013, JonathanHaskel
 

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