The impact of intangible assets on UK productivity
Improving economic growth is a key policy challenge facing the Government. As a result, understanding the drivers of productivity growth is seen as a fundamental requirement for effective economic policy. This research aims to analyses the linkages between high skilled organisation, R&D and IT workers and how firms create intangible assets that increase productivity and raise economic performance.
This research uses occupational data from the Annual Survey of Hours and Earnings and the Labour Force Survey combined with firm level data from the Business Structure Database and Annual Business Inquiry to construct employee and employer data for the period 1998-2006. The data was analysed using an econometric estimation of a production function and also using a growth accounting approach.
Findings within the report are disaggregated by sector for the relationship between intangible assets and performance, and by sector and city regions for the impact of intangible assets on growth.
