全球智库信息集成服务系统(G2TT): DP9063 UK Innovation Index: Productivity and Growth in UK Industries

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP9063
	DP9063 UK Innovation Index: Productivity and Growth in UK Industries
	Jonathan Haskel; Gavin Wallis; Peter Goodridge
发表日期	2012-07-22
出版年	2012
语种	英语
摘要	This paper provides an update of the NESTA Innovation Index and tries to calculate some facts for the 'knowledge economy'. Building on the work of Corrado, Hulten and Sichel (CHS, 2005,9), using new data sets and a new micro survey, we (1) document UK intangible investment and (2) see how it contributes to economic growth. Regarding investment in knowledge/intangibles, we find (a) this is now 34% greater than tangible investment, in 2009, £124.2bn and £92.7bn respectively; (b) that R&D is about 11% of total intangible investment, software 18%, design 12%, and training and organizational capital 21% each; (d) the most intangible-intensive industry is manufacturing (intangible investment is 17% of value added) and (e) treating intangible expenditure as investment raises market sector value added growth in the 1990s due to the ICT investment boom, but has less impact on aggregate measures of growth in the 2000s. Regarding the contribution to growth, for 2000-09, (a) intangible capital deepening accounts for 26% of labour productivity growth, against computer hardware and telecommunications equipment combined (16%) and TFP (-0.4%); (b) adding intangibles to growth accounting lowers TFP growth by about 18 percentage points (c) capitalising R&D adds 0.04% to input growth and reduces ΔlnTFP by 0.02% and (d) manufacturing accounts for 47% of intangible capital deepening plus TFP.
主题	Industrial Organization
关键词	Growth Innovation Intangibles
URL	https://cepr.org/publications/dp9063
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/537897
推荐引用方式 GB/T 7714	Jonathan Haskel,Gavin Wallis,Peter Goodridge. DP9063 UK Innovation Index: Productivity and Growth in UK Industries. 2012.