全球智库信息集成服务系统(G2TT): DP7158 An Innovation Index Based on Knowledge Capital Investment: Definition and Results for the UK Market Sector

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP7158
	DP7158 An Innovation Index Based on Knowledge Capital Investment: Definition and Results for the UK Market Sector
	Jonathan Haskel; Tony Clayton; Mariela Dal Borgo
发表日期	2009-02-23
出版年	2009
语种	英语
摘要	We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second aircraft and crew on an existing route). Thus we propose to measure innovation as the additional GDP over and above the addition existing physical capital and labour. In our measure this is the contribution to GDP growth of market sector investment in knowledge (or intangible) capital. This contribution is measured from company spending on knowledge/intangible assets and TFP growth. We relate our measure to the literature on innovation definitions, TFP, creative industries and hidden innovation. We implement it for six UK market sector industries, 2000-2005, combining with output and tangible investment data from the EUKLEMS database. Our main findings are as follows. Over 2000-2005, market sector labour productivity grew at 2.74% per annum, of which the contribution of knowledge capital, our innovation measure, was 1.24% pa. In turn, manufacturing accounted for about 60% of this latter figure. If one includes increase in labour skill deepening (0.45% pa) as innovation, then innovation contributed 61% (=(1.24+0.45)/2.74)of labour productivity growth over the period.
主题	Industrial Organization ; International Trade and Regional Economics ; Labour Economics
关键词	Innovation Productivity growth
URL	https://cepr.org/publications/dp7158
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/536004
推荐引用方式 GB/T 7714	Jonathan Haskel,Tony Clayton,Mariela Dal Borgo. DP7158 An Innovation Index Based on Knowledge Capital Investment: Definition and Results for the UK Market Sector. 2009.