NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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ICT, R&D and Organizational Innovation: Exploring Complementarities in Investment and Production

Pierre Mohnen, Michael Polder, George van Leeuwen

NBER Working Paper No. 25044
Issued in September 2018
NBER Program(s):Productivity, Innovation, and Entrepreneurship

This paper examines whether there are complementarities between investments in ICT, R&D and organizational innovation, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate an integrated model of investment profile adoption and total factor productivity growth. We find that the three investment decisions are complementary, in the sense that investing in one increases the probability of investing in another one because joint investments lead to higher TFP growth than individual investments. ICT earns on average an expected rate of return of 9.7%, followed by 6% to 7% on organizational innovation and a modest 1.4% to 1.8% on R&D in services and manufacturing respectively.

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Document Object Identifier (DOI): 10.3386/w25044

Forthcoming: ICT, R&D, and Organizational Innovation: Exploring Complementarities in Investment and Production, Pierre Mohnen, Michael Polder, George van Leeuwen. in Measuring and Accounting for Innovation in the 21st Century, Corrado, Haskel, Miranda, and Sichel. 2020

 
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