Firms' human capital, R&D and performance: a study on French and Swedish firms

Ballot G., Fakhfakh F., Taymaz E.

LABOUR ECONOMICS, vol.8, no.4, pp.443-462, 2001 (SSCI) identifier identifier identifier

  • Publication Type: Article / Article
  • Volume: 8 Issue: 4
  • Publication Date: 2001
  • Doi Number: 10.1016/s0927-5371(01)00038-0
  • Journal Name: LABOUR ECONOMICS
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus
  • Page Numbers: pp.443-462
  • Keywords: training, human capital, R&D, performance, GMM, PRODUCTIVITY
  • Middle East Technical University Affiliated: Yes

Abstract

This paper studies the effects of human and technological capital on productivity in a sample of large French and Swedish firms. While the role of technological capital as measured by R&D has been intensively investigated, almost no work has been done on the role of human capital as measured by firm-sponsored training and even less its interaction with technological capital. The level of intangible capital may also have a lasting effect on productivity growth, as emphasised by some endogenous growth models in a macroeconomic setting.