Overview of existing empirical studies, 2009–2018
| Authors | Country | Investment (in GDP) in % | Contribution to LPG in %† | Growth acceleration in % | Article | Harmonized cross-country dataset | Metho-dology |
|---|---|---|---|---|---|---|---|
| Corrado et al. (2009) | US | ∼ 13* (03) | 27 (95–03) | 11.2 (95–03) | RoIW | – | GA |
| Fukao et al. (2009) | JAP | 11.1 (00–05) | 27; 16 (95–00); (00–05) | 17.3; −1.4 (95–00); (00–05) | RoIW | – | GA |
| Marrano et al. (2009) | UK | 13** (04) | 20 (95–03) | 13.1 (95–03) | RoIW | – | GA |
| Nakamura (2010) | US | Intangible = Tangible (00–07) | / | / | RoIW | – | GA |
| Edquist (2011) | SE | 10/∼16*** (04) | 41; 24 (95–00); (00–06) | 16; −2.3 (95–00); (00–06) | RoIW | – | GA |
| Roth and Thum (2013) | EU-13 | 9.9**** (98–05) | 50 (98–05) | 4.4 (98–05) | RoIW | INNODRIVE | CCGA |
| Corrado et al. (2013) | EU-15 | 6.6 (95–09) | 24 (95–07) | / | OREP | INTAN-Invest (NACE1) | GA |
| Corrado et al. (2018) | EU-14, NMS-4 | 7.2, 6.4 (00–13) | 30, 10; 19, 8; 43‡, 17 (00–13); (00–07); (07–13) | / | JIPD | INTAN-Invest (NACE2) | GA |
| Authors | Country | Investment (in GDP) in % | Contribution to LPG in %† | Growth acceleration in % | Article | Harmonized cross-country dataset | Metho-dology |
|---|---|---|---|---|---|---|---|
| US | ∼ 13* (03) | 27 (95–03) | 11.2 (95–03) | RoIW | – | GA | |
| JAP | 11.1 (00–05) | 27; 16 (95–00); (00–05) | 17.3; −1.4 (95–00); (00–05) | RoIW | – | GA | |
| UK | 13** (04) | 20 (95–03) | 13.1 (95–03) | RoIW | – | GA | |
| US | Intangible = Tangible (00–07) | / | / | RoIW | – | GA | |
| SE | 10/∼16*** (04) | 41; 24 | 16; −2.3 | RoIW | – | GA | |
| EU-13 | 9.9**** (98–05) | 50 (98–05) | 4.4 (98–05) | RoIW | INNODRIVE | CCGA | |
| EU-15 | 6.6 (95–09) | 24 (95–07) | / | OREP | INTAN-Invest (NACE1) | GA | |
| EU-14, NMS-4 | 7.2, 6.4 (00–13) | 30, 10; 19, 8; 43‡, 17 (00–13); (00–07); (07–13) | / | JIPD | INTAN-Invest (NACE2) | GA |
Note(s): †LPG = Labour Productivity Growth. *The measure here is non-farm business output. **The measure here is adjusted market sector gross value added (MGVA). ***The measure here is gross value added (GVA). ****The measure is GVA (c – k + o excluding k70). ‡Capital share. US = United States, UK = United Kingdom, JAP = Japan, SE = Sweden, EU = European Union, NMS = New Member States, RoIW = Review of Income and Wealth, OREP = Oxford Review of Economic Policy, JIPD = Journal of Infrastructure, Policy and Development, GA = Growth Accounting, CCGA = Cross Country Growth Accounting. The numbers in brackets refer to the relevant time periods
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