Managerial Capital and Business R&D as Enablers of Productivity Convergence:
This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition to trade openness, an economy's speed of...
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Weitere beteiligte Personen: | |
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Paris
OECD Publishing
2014
|
| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagwörter: | |
| Links: | https://doi.org/10.1787/5jxx3d441knr-en |
| Zusammenfassung: | This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition to trade openness, an economy's speed of convergence to its long-run steady state level of MFP is an increasing function of the quality of its managerial capital and the size of its domestic R&D sector. The economic importance of these two enabling factors are examined in the context of a scenario, whereby MFP growth at the technological frontier is ½ percentage point higher (than in the baseline projection) per annum until 2060. This exercise shows that some countries benefit significantly more from higher frontier growth than could be expected based on their trade openness alone. In turn, evidence on the policy determinants of managerial capital and business R&D is reviewed, which highlights the importance of structural reforms and carefully-designed innovation policies |
| Umfang: | 1 Online-Ressource (30 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5jxx3d441knr-en |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047932932 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s2014 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1787/5jxx3d441knr-en |2 doi | |
| 035 | |a (ZDB-13-SOC)061300624 | ||
| 035 | |a (OCoLC)1312696097 | ||
| 035 | |a (DE-599)BVBBV047932932 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Andrews, Dan |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Managerial Capital and Business R&D as Enablers of Productivity Convergence |c Dan Andrews and Ben Westmore = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité / Dan Andrews et Ben Westmore |
| 246 | 1 | 3 | |a Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité |
| 264 | 1 | |a Paris |b OECD Publishing |c 2014 | |
| 300 | |a 1 Online-Ressource (30 Seiten) |c 21 x 29.7cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers | |
| 520 | |a This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition to trade openness, an economy's speed of convergence to its long-run steady state level of MFP is an increasing function of the quality of its managerial capital and the size of its domestic R&D sector. The economic importance of these two enabling factors are examined in the context of a scenario, whereby MFP growth at the technological frontier is ½ percentage point higher (than in the baseline projection) per annum until 2060. This exercise shows that some countries benefit significantly more from higher frontier growth than could be expected based on their trade openness alone. In turn, evidence on the policy determinants of managerial capital and business R&D is reviewed, which highlights the importance of structural reforms and carefully-designed innovation policies | ||
| 650 | 4 | |a Economics | |
| 650 | 4 | |a Industry and Services | |
| 700 | 1 | |a Westmore, Ben |4 ctb | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/5jxx3d441knr-en |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033314426 | |
Datensatz im Suchindex
| DE-BY-TUM_katkey | 2629293 |
|---|---|
| _version_ | 1821934706851053569 |
| adam_text | |
| any_adam_object | |
| author | Andrews, Dan |
| author2 | Westmore, Ben |
| author2_role | ctb |
| author2_variant | b w bw |
| author_facet | Andrews, Dan Westmore, Ben |
| author_role | aut |
| author_sort | Andrews, Dan |
| author_variant | d a da |
| building | Verbundindex |
| bvnumber | BV047932932 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)061300624 (OCoLC)1312696097 (DE-599)BVBBV047932932 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/5jxx3d441knr-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV047932932</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s2014 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/5jxx3d441knr-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)061300624</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312696097</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047932932</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Andrews, Dan</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Managerial Capital and Business R&D as Enablers of Productivity Convergence</subfield><subfield code="c">Dan Andrews and Ben Westmore = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité / Dan Andrews et Ben Westmore</subfield></datafield><datafield tag="246" ind1="1" ind2="3"><subfield code="a">Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2014</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (30 Seiten)</subfield><subfield code="c">21 x 29.7cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition to trade openness, an economy's speed of convergence to its long-run steady state level of MFP is an increasing function of the quality of its managerial capital and the size of its domestic R&D sector. The economic importance of these two enabling factors are examined in the context of a scenario, whereby MFP growth at the technological frontier is ½ percentage point higher (than in the baseline projection) per annum until 2060. This exercise shows that some countries benefit significantly more from higher frontier growth than could be expected based on their trade openness alone. In turn, evidence on the policy determinants of managerial capital and business R&D is reviewed, which highlights the importance of structural reforms and carefully-designed innovation policies</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Industry and Services</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Westmore, Ben</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/5jxx3d441knr-en</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033314426</subfield></datafield></record></collection> |
| id | DE-604.BV047932932 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-11T15:45:34Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033314426 |
| oclc_num | 1312696097 |
| open_access_boolean | 1 |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (30 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spellingShingle | Andrews, Dan Managerial Capital and Business R&D as Enablers of Productivity Convergence Economics Industry and Services |
| title | Managerial Capital and Business R&D as Enablers of Productivity Convergence |
| title_alt | Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité |
| title_auth | Managerial Capital and Business R&D as Enablers of Productivity Convergence |
| title_exact_search | Managerial Capital and Business R&D as Enablers of Productivity Convergence |
| title_full | Managerial Capital and Business R&D as Enablers of Productivity Convergence Dan Andrews and Ben Westmore = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité / Dan Andrews et Ben Westmore |
| title_fullStr | Managerial Capital and Business R&D as Enablers of Productivity Convergence Dan Andrews and Ben Westmore = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité / Dan Andrews et Ben Westmore |
| title_full_unstemmed | Managerial Capital and Business R&D as Enablers of Productivity Convergence Dan Andrews and Ben Westmore = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité / Dan Andrews et Ben Westmore |
| title_short | Managerial Capital and Business R&D as Enablers of Productivity Convergence |
| title_sort | managerial capital and business r d as enablers of productivity convergence |
| topic | Economics Industry and Services |
| topic_facet | Economics Industry and Services |
| url | https://doi.org/10.1787/5jxx3d441knr-en |
| work_keys_str_mv | AT andrewsdan managerialcapitalandbusinessrdasenablersofproductivityconvergence AT westmoreben managerialcapitalandbusinessrdasenablersofproductivityconvergence AT andrewsdan capitalmanagerialetrddesentreprisesmoteursdelaconvergencedelaproductivite AT westmoreben capitalmanagerialetrddesentreprisesmoteursdelaconvergencedelaproductivite |