| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w15799
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| 来源ID | Working Paper 15799
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| Decoding Microsoft: Intangible Capital as a Source of Company Growth |
| Charles R. Hulten
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| 发表日期 | 2010-03-04
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| 出版年 | 2010
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| 语种 | 英语
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| 摘要 | A great deal of research has been devoted to the effects of technical change on economic growth. Less attention has been given to the factors driving the growth of the technological innovators themselves. This paper examines the case of one of the central contributors to the IT revolution, the Microsoft Corporation. The company's sources of growth are estimated using the conventional Solow-Jorgenson-Griliches "residual" model, expanded to include investments in product research and development, sales and marketing, and organizational development (collectively termed the company's "intangible" capital). The picture of Microsoft that emerges from this analysis is a story about the successful use of knowledge inputs to produce knowledge outputs. It is also a story of the importance of product innovation, rather than process innovation, as a source of total factor productivity growth. The theoretical underpinnings of the empirical analysis are also examined, and a model is sketched in which the neoclassical growth accounting framework is linked to the theoretically messier world of the Schumpeterian competitor via the Berndt-Fuss theorem on capital utilization. |
| 主题 | Development and Growth
; Innovation and R&
; D
; Growth and Productivity
|
| URL | https://www.nber.org/papers/w15799
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573474
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推荐引用方式
GB/T 7714 |
Charles R. Hulten. Decoding Microsoft: Intangible Capital as a Source of Company Growth. 2010.
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文件名：
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w15799.pdf
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格式：
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Adobe PDF
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