Intangibles and labour productivity growth, 2000–2015, PP-PCSE estimation
| Estimation method | PP-PCSE | PP-PCSE | PP-PCSE | PP-PCSE | PP-PCSE | 2SLS |
|---|---|---|---|---|---|---|
| Time sample | 2000–2015 | 2000–2015 | 2000–2015 | 2008–2015 | 2000–2015 | 2000–2015 |
| Equation | (1) | (2) | (3) | (4) | (5) | (6) |
| Tangible services growth | 0.31*** | 0.19** | 0.28*** | −0.13 | 0.18** | 0.58 |
| (0.08) | (0.08) | (0.08) | (0.15) | (0.07) | (0.42) | |
| Tangible services growth*crisis | – | – | −0.32** | – | – | – |
| (0.13) | ||||||
| Tangible services growth*recovery | – | – | – | 0.47 | – | – |
| (0.30) | ||||||
| Intangible services growth | – | 0.38*** | 0.48*** | 0.32*** | – | 0.50*** |
| (0.07) | (0.09) | (0.11) | (0.16) | |||
| Intangible services growth*crisis | – | – | −0.28** | – | – | – |
| (0.13) | ||||||
| Intangible services growth*recovery | – | – | – | 0.42* | – | – |
| (0.23) | ||||||
| Innovative property services growth | – | – | – | – | 0.37*** | – |
| (0.07) | ||||||
| Computerized information services growth | – | – | – | – | −0.01 | – |
| (0.04) | ||||||
| Economic competencies services growth | – | – | – | – | 0.02 | – |
| (0.06) | ||||||
| Upper secondary education 15+ | 0.07*** | 0.05*** | 0.05*** | 0.02 | 0.06*** | 0.07*** |
| (0.02) | (0.01) | (0.01) | (0.02) | (0.01) | (0.02) | |
| Catch-up | −0.02** | −0.02*** | −0.02*** | −0.01 | −0.02** | −0.02* |
| (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | |
| Business cycle | −0.11* | −0.12* | −0.13** | −0.13* | −0.12* | −0.11** |
| (0.06) | (0.06) | (0.06) | (0.07) | (0.06) | (0.05) |
| Estimation method | PP-PCSE | PP-PCSE | PP-PCSE | PP-PCSE | PP-PCSE | 2SLS |
|---|---|---|---|---|---|---|
| Time sample | 2000–2015 | 2000–2015 | 2000–2015 | 2008–2015 | 2000–2015 | 2000–2015 |
| Equation | (1) | (2) | (3) | (4) | (5) | (6) |
| Tangible services growth | 0.31*** | 0.19** | 0.28*** | −0.13 | 0.18** | 0.58 |
| (0.08) | (0.08) | (0.08) | (0.15) | (0.07) | (0.42) | |
| Tangible services growth*crisis | – | – | −0.32** | – | – | – |
| (0.13) | ||||||
| Tangible services growth*recovery | – | – | – | 0.47 | – | – |
| (0.30) | ||||||
| Intangible services growth | – | 0.38*** | 0.48*** | 0.32*** | – | 0.50*** |
| (0.07) | (0.09) | (0.11) | (0.16) | |||
| Intangible services growth*crisis | – | – | −0.28** | – | – | – |
| (0.13) | ||||||
| Intangible services growth*recovery | – | – | – | 0.42* | – | – |
| (0.23) | ||||||
| Innovative property services growth | – | – | – | – | 0.37*** | – |
| (0.07) | ||||||
| Computerized information services growth | – | – | – | – | −0.01 | – |
| (0.04) | ||||||
| Economic competencies services growth | – | – | – | – | 0.02 | – |
| (0.06) | ||||||
| Upper secondary education 15+ | 0.07*** | 0.05*** | 0.05*** | 0.02 | 0.06*** | 0.07*** |
| (0.02) | (0.01) | (0.01) | (0.02) | (0.01) | (0.02) | |
| Catch-up | −0.02** | −0.02*** | −0.02*** | −0.01 | −0.02** | −0.02* |
| (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | |
| Business cycle | −0.11* | −0.12* | −0.13** | −0.13* | −0.12* | −0.11** |
| (0.06) | (0.06) | (0.06) | (0.07) | (0.06) | (0.05) |
| R-squared | 0.40 | 0.50 | 0.54 | 0.63 | 0.54 | 0.46 |
| Observations | 256 | 256 | 256 | 128 | 256 | 208 |
| Number of countries | 16 | 16 | 16 | 16 | 16 | 16 |
| 0.40 | 0.50 | 0.54 | 0.63 | 0.54 | 0.46 | |
| Observations | 256 | 256 | 256 | 128 | 256 | 208 |
| Number of countries | 16 | 16 | 16 | 16 | 16 | 16 |
Note(s): In regression (1), tangible services growth, labour productivity growth and the catch-up term exclude software, R&D, and entertainment, artistic and literary originals and mineral exploration. In regressions, (2–6) labour productivity growth and the catch-up term are expanded with intangible capital. Tangible capital excludes residential capital. Labour productivity growth was calculated based on the GVA of the non-farm business sectors b – n + r − s (excluding real estate activities). ***p < 0.01, **p < 0,05, *p < 0.1
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