We see ICT spillovers everywhere but in the econometric evidence: a reassessment

Using company-level data for the US we study the productivity effects of knowledge spillovers, induced by the diffusion of ICT in the markets where companies operate. We adopt multiple spillover proxies and account for firms' absorptive capacity and lagged effects. Our results show that intra-industry ICT spillovers have a contemporaneous negative effect while the impact of inter-industry spillovers is positive. The overall productivity effect of ICT is negative, except for those companies with a strong absorptive capacity. However, after a 5-year lag the overall spillover effect turns positive while the role of absorptive capacity diminishes as a consequence of decreasing learning costs and more accessible technology

Creative economy employment in the EU and the UK: a comparative analysis

Analysts and policymakers have long complained of the dearth of internationally comparable statistics on the creative industries because it has made it impossible to benchmark the performance of different countries. In January 2014, the Department for Culture, Media and Sport (DCMS) adopted the Dynamic Mapping methodology for classifying some industries as ‘creative’ and others not, for the purposes of producing the UK’s Creative Industries Economic Estimates (DCMS, 2014). This methodology is based on the theoretical and empirical argument that the creative industries are “those industries that specialise in the employment of creative talent for commercial purposes” (Bakhshi, Hargreaves and Mateos–Garcia, 2013) – that is, have unusually high proportions of their workforce employed in creative occupations (‘creative intensity’). Through its use of Standard Industrial Classification (SIC) codes and labour force survey data, the Dynamic Mapping methodology was designed to enable the production of internationally comparable statistics (Bakhshi, Freeman and Higgs 2013)

We see ICT spillovers everywhere but in the econometric evidence: a reassessment

Using company-level data for the US we study the productivity effects of knowledge spillovers, induced by the diffusion of ICT in the markets where companies operate. We adopt multiple spillover proxies and account for firms' absorptive capacity and lagged effects. Our results show that intra-industry ICT spillovers have a contemporaneous negative effect while the impact of inter-industry spillovers is positive. The overall productivity effect of ICT is negative, except for those companies with a strong absorptive capacity. However, after a 5-year lag the overall spillover effect turns positive while the role of absorptive capacity diminishes as a consequence of decreasing learning costs and more accessible technology

UK Skills and Productivity in an International Context

A nation's prosperity depends largely on its ability to raise the level of its productivity. The education level of its workforce, and how effectively the skills are used in the production processes, are considered important factors in this process. In this report we investigate the extent to which skills have contributed to recent productivity performance in the UK. We do this within a cross-country framework, where we compare the UK's productivity trajectories with those of other close competitors. We quantify the role played by different types of certified skills, both academic and vocational, taking account of the influence of other factors, such as capital investment and technological change. Furthermore, we assess the influence of intangible investments, usually excluded from published data and traditional growth studies. We use a wide range of data sources, and employ growth accounting and panel data econometric techniques. The study begins with a comprehensive review of the literature on the role of human capital in productivity and growth, from both a theoretical and empirical point of view (section 1). We then provide a description of aggregate productivity and employment trends in section 2. Section 3 contains detailed results of the growth accounting decomposition and Section 4 summarises the econometric analysis. Sections 5 and 6 outline the key findings and conclusions emerging from this analysis. The main research questions addressed in this report are: • What have been the main sources of growth in the UK and other major economies since the recession? How have these differed relative to the previous periods? • What is the link between skills and productivity/growth? How have skills contributed to growth over recent years? • What is the contribution of different types of skills to growth? Where does the UK fare better and worse compared to international competitors? • What is the role of training and other intangible assets in explaining productivity and growth outcomes? Do they interact differently with different types of skilled workers

Estimating food and drink demand elasticities

We compute price and income elasticities of demand for food and drink for the UK and draw policy implications

A922 Sequential measurement of 1 hour creatinine clearance (1-CRCL) in critically ill patients at risk of acute kidney injury (AKI)

Meeting abstrac