Topic Productivity

Inclusive Productivity

Company productivity increases with more knowledge-based capital

First study using official company records — more knowledge-based capital increases productivity — some sectors are already investing more in knowledge-based capital than in machines and buildings — economic policy must take a holistic approach towards investments Every year in Germany, around 200 billion euros are invested in knowledge-based capital, such as research and development ...

Company Productivity Increases with More Knowledge-Based Capital

In Germany, around 200 billion euros are invested every year in knowledge-based capital, which encompasses assets such as research and development, software and databases, organizational capital, marketing and advertising, and technical design. Yet investments in traditional capital (such as machinery and non-residential buildings) still significantly outweigh knowledge investments, standing at over ...

Firm Size and Innovation in the Service Sector

A rich literature links knowledge inputs with innovative outputs. However, most of what is known is restricted to manufacturing. This paper analyzes whether the three aspects involving innovative activity - R&D; innovative output; and productivity - hold for knowledge intensive services. Combining the models of Crepon et al. (1998) and of Ackerberg et al. (2015), allows for causal interpretation of ...

Firm Size and Innovation in the Service Sector

A rich literature links knowledge inputs with innovative outputs. However, most of what is known is restricted to manufacturing. This paper analyzes whether the three aspects involving innovative activity - R&D; innovative output; and productivity - hold for knowledge intensive services. Combining the models of Crepon et al. (1998) and of Ackerberg et al. (2015), allows for causal interpretation of ...

Productivity in German Manufacturing Firms: Does Fixed-Term Employment Matter?

This study empirically analyses how the use of fixed-term employment affects labour productivity of establishments. To this end, a large data set of German manufacturing establishments and various panel data models are used in order to test the expected non-linear relationship between labour productivity and the use of fixed-term employees. The analysis takes into account the possible distortions that ...

Depreciation of Organizational Capital: The Team Value

Organizational capital (OC) is important for economic performance. To determine the impact on the economic development, it is necessary to measure investment in OC just as well as depreciation of OC. Here we take closer look on the team value as part of the intangibles in the field of organisation capital.

TFP, Labor Productivity and the (Un)observed Labor Input: Temporary Agency Work

The study focuses on the question of whether productivity estimates are biased due to the emergence of a new input that is usually omitted: temporary agency worker (TAW). The study analyzes labor productivity and TFP by means of a structural approach using a representative dataset of German manufacturing firms. The empirical results show, once TAW is taken into account, that: i) labor productivity ...

Cross-Country Estimates of Employment and Investment in Organisational Capital: A Task-Based Methodology Using the PIAAC Database

This work proposes a task-based methodology for the measurement of employment and investment in organisational capital (OC) in 20 OECD countries. It builds on themethodology of Squicciarini and Le Mouel (2012) and uses information from the OECD Programme for the International Assessment of Adult Competencies (PIAAC). OCis defined as firm-specific organisational knowledge resulting from the performance ...

Why Is TFP Growth Sectorally Concentrated?

Research shows that total factor productivity (TFP) growth is weak in European countries. This is inter alia attributed to the fact that substantial TFP growth is limited to a few industries. Because TFP growth is typically understood as technological progress, it is concluded that technology diffusion between sectors in Europe is hampered. We use EU KLEMS data sets to decompose sectoral TFP for nine ...