Abstract
We use new data on patent counts to estimate the contribution of knowledge to productivity change at the industry level. The estimated output elasticity of knowledge is around 0.30; three to four times larger than that obtained when knowledge is measured by the R&D stock.
Original language | English |
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Pages (from-to) | 101-108 |
Number of pages | 8 |
Journal | Economics Letters |
Volume | 49 |
Issue number | 1 |
DOIs | |
State | Published - Jul 1995 |
Keywords
- Industry level
- Patents
- Productivity