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New evidence on intangibles, diffusion and productivity

Author

Listed:
  • Carol Corrado

    (The Conference Board)

  • Chiara Criscuolo

    (OECD)

  • Jonathan Haskel

    (Imperial College)

  • Alexander Himbert

    (OECD)

  • Cecilia Jona-Lasinio

    (LUISS Guido Carli)

Abstract

This paper presents new evidence on the impact of intangible capital on productivity dispersion within industries. It first shows that rise in productivity dispersion after 2000 is more pronounced in intangible-intensive industries; then analyses the link between intangible capital intensity and productivity dispersion both at the top and at the bottom of the productivity distribution, and in different industries. The findings suggest that industries that have experienced a stronger increase in intangible investment have also seen a steeper rise in productivity dispersion both at the top and at the bottom of the productivity distribution. While the results at the top seem to be associated with the scalability of intangible capital – which is likely to disproportionally benefit high-productivity firms and incumbents – dispersion at the bottom appears to be linked to complementarities between intangible investment and factors like digital intensity, trade openness and venture capital.

Suggested Citation

  • Carol Corrado & Chiara Criscuolo & Jonathan Haskel & Alexander Himbert & Cecilia Jona-Lasinio, 2021. "New evidence on intangibles, diffusion and productivity," OECD Science, Technology and Industry Working Papers 2021/10, OECD Publishing.
    • Handle: RePEc:oec:stiaaa:2021/10-en
    DOI: 10.1787/de0378f3-en
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    Cited by:

    1. Iacovone, Leonardo & Pereira-López, Mariana & Schiffbauer, Marc, 2023. "Competition makes IT better: Evidence on when firms use IT more effectively," Research Policy, Elsevier, vol. 52(8).
    2. Igna, Ioana & Venturini, Francesco, 2023. "The determinants of AI innovation across European firms," Research Policy, Elsevier, vol. 52(2).
    3. Stefano Costa & Federico Sallusti & Claudio Vicarelli & Davide Zurlo, 2021. "Italian firms in times of troubles: Covid-19 pandemic as a test of structural solidity," LEM Papers Series 2021/47, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Costa, Stefano & Sallusti, Federico & Vicarelli, Claudio & Zurlo, Davide, 2022. "Firms’ solidity before an exogenous shock: Covid-19 pandemic in Italy," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 946-961.
    5. Mattsson, Pontus & Reshid, Abdulaziz, 2023. "Productivity divergence and the role of digitalisation," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 942-966.
    6. Ryota Nakatani, 2023. "Does debt maturity influence productivity?," Economics Bulletin, AccessEcon, vol. 43(1), pages 116-136.
    7. Pikka, Aleksi, 2024. "Intangibles in Light of Industry-level CompNet Dataset," ETLA Working Papers 119, The Research Institute of the Finnish Economy.

    More about this item

    Keywords

    Innovation; Investment; Science and Technology;
    All these keywords.

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