2019
DOI: 10.1108/ijse-09-2018-0472
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Are human capital, intellectual property rights, and research and development expenditures really important for total factor productivity? An empirical analysis

Abstract: Purpose The purpose of this paper is to investigate the impact of human capital (HC), intellectual property rights (IPRs) and research and development (R&D) expenditures on total factor productivity (TFP), which leads to economic growth. Design/methodology/approach The panel data technique is used on a sample of 16 countries categorized into two groups, namely Brazil, Russia, India and China (BRIC) and Central and Eastern European (CEE) countries and, in order to make a comparison for the time period of … Show more

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Cited by 126 publications
(71 citation statements)
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“…Taking the 40 years as the limit [ 37 ], an age ratio of greater than 1.2 can significantly improve the efficiency of scientific research. This shows that young people’s role in research teams is more important because their creativity drives technological innovation, thus resulting in improved PTE and CTE.…”
Section: Discussionmentioning
confidence: 99%
“…Taking the 40 years as the limit [ 37 ], an age ratio of greater than 1.2 can significantly improve the efficiency of scientific research. This shows that young people’s role in research teams is more important because their creativity drives technological innovation, thus resulting in improved PTE and CTE.…”
Section: Discussionmentioning
confidence: 99%
“…But the literature seems to be far from consensus on the net effect and the magnitude. Kim and Park (2018) and Habib et al (2019) found the effect of human capital on productivity consistently positive. Mannasoo et al (2018) reported that countries that fall further behind the technology frontier tend to benefit less from human capital.…”
Section: Literaturementioning
confidence: 96%
“…The bearer of human capital, and thus, the employee decides which part of the employee's knowledge, abilities and skills will be used by the employer [17]. At the same time, the value of human capital is influenced by its bearer, but also by upbringing, education, social, cultural and work environment in which the employee occurs [18]. However, an employer who invests in employee development expects that the investment will return to him/her, nevertheless, it is questionable whether he is even able to manage the human capital of the employee.…”
Section: Theoretical Backgroundmentioning
confidence: 99%