Managerial Capital and Business R&D as Enablers of Productivity Convergence: = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité
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:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2014
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.1137 |
| Schlagworte: | |
| Online-Zugang: | DE-862 DE-863 |
| 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. |
| Beschreibung: | 1 Online-Ressource (30 Seiten) 21 x 29.7cm. |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061300624 | ||
| 003 | DE-627-1 | ||
| 005 | 20241028113944.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2014 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/5jxx3d441knr-en |2 doi | |
| 035 | |a (DE-627-1)061300624 | ||
| 035 | |a (DE-599)KEP061300624 | ||
| 035 | |a (FR-PaOEC)5jxx3d441knr-en | ||
| 035 | |a (DE-627-1)061300624 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a L20 |2 jelc | ||
| 084 | |a O30 |2 jelc | ||
| 084 | |a O47 |2 jelc | ||
| 084 | |a O43 |2 jelc | ||
| 084 | |a O11 |2 jelc | ||
| 100 | 1 | |a Andrews, Dan |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Managerial Capital and Business R&D as Enablers of Productivity Convergence |b = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité |c Dan, Andrews and Ben, Westmore |
| 246 | 3 | 1 | |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 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers |v no.1137 | |
| 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 |e MitwirkendeR |4 ctb | |
| 966 | 4 | 0 | |l DE-862 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/5jxx3d441knr-en |m X:OECD |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 966 | 4 | 0 | |l DE-863 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/5jxx3d441knr-en |m X:OECD |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC-ebook | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-862 | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061300624 |
|---|---|
| _version_ | 1826942522617757696 |
| 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 | localFWS |
| collection | ZDB-13-SOC ZDB-13-SOC-ebook |
| ctrlnum | (DE-627-1)061300624 (DE-599)KEP061300624 (FR-PaOEC)5jxx3d441knr-en |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02612cam a22004452 4500</leader><controlfield tag="001">ZDB-13-SOC-061300624</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20241028113944.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2014 xx |||||o 00| ||eng c</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">(DE-627-1)061300624</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061300624</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)5jxx3d441knr-en</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061300624</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">L20</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">O30</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">O47</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">O43</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">O11</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Andrews, Dan</subfield><subfield code="e">VerfasserIn</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="b"> = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité</subfield><subfield code="c">Dan, Andrews and Ben, Westmore</subfield></datafield><datafield tag="246" ind1="3" ind2="1"><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="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><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><subfield code="v">no.1137</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="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="966" ind1="4" ind2="0"><subfield code="l">DE-862</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/5jxx3d441knr-en</subfield><subfield code="m">X:OECD</subfield><subfield code="x">Resolving-System</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="4" ind2="0"><subfield code="l">DE-863</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/5jxx3d441knr-en</subfield><subfield code="m">X:OECD</subfield><subfield code="x">Resolving-System</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC-ebook</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-862</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061300624 |
| illustrated | Not Illustrated |
| indexdate | 2025-03-18T14:29:21Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| owner_facet | DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (30 Seiten) 21 x 29.7cm. |
| psigel | ZDB-13-SOC FWS_PDA_SOC ZDB-13-SOC ZDB-13-SOC-ebook |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Andrews, Dan VerfasserIn aut Managerial Capital and Business R&D as Enablers of Productivity Convergence = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité Dan, Andrews and Ben, Westmore Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité Paris OECD Publishing 2014 1 Online-Ressource (30 Seiten) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1137 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. Economics Industry and Services Westmore, Ben MitwirkendeR ctb |
| spellingShingle | Andrews, Dan Managerial Capital and Business R&D as Enablers of Productivity Convergence = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité Economics Industry and Services |
| title | Managerial Capital and Business R&D as Enablers of Productivity Convergence = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité |
| 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 = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité |
| title_exact_search | Managerial Capital and Business R&D as Enablers of Productivity Convergence = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité |
| title_full | Managerial Capital and Business R&D as Enablers of Productivity Convergence = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité Dan, Andrews and Ben, Westmore |
| title_fullStr | Managerial Capital and Business R&D as Enablers of Productivity Convergence = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité Dan, Andrews and Ben, Westmore |
| title_full_unstemmed | Managerial Capital and Business R&D as Enablers of Productivity Convergence = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité Dan, Andrews and 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 capital managerial et r d des entreprises moteurs de la convergence de la productivite |
| title_sub | = Capital managérial et R-D des entreprises, moteurs de la convergence de la productivité |
| topic | Economics Industry and Services |
| topic_facet | Economics Industry and Services |
| work_keys_str_mv | AT andrewsdan managerialcapitalandbusinessrdasenablersofproductivityconvergencecapitalmanagerialetrddesentreprisesmoteursdelaconvergencedelaproductivite AT westmoreben managerialcapitalandbusinessrdasenablersofproductivityconvergencecapitalmanagerialetrddesentreprisesmoteursdelaconvergencedelaproductivite AT andrewsdan capitalmanagerialetrddesentreprisesmoteursdelaconvergencedelaproductivite AT westmoreben capitalmanagerialetrddesentreprisesmoteursdelaconvergencedelaproductivite |