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ID157065
Title ProperIntangible capital and firm productivity
Other Title Informationa study of indian corporate sector firms
LanguageENG
AuthorGoldar, Bishwanath
Summary / Abstract (Note)An estimate of intangible capital stock is made for a sample of about 3,200 Indian corporate firms for 2012–2013, based on investments made by the firms in various intangible assets during the previous 10 years. For manufacturing and services firms of the sample, three alternate specifications of a production function are estimated in which intangible capital is taken as an input. This analysis clearly reveals that intangible capital has a significant positive impact on productivity of manufacturing and services firms in India. The rate of return to intangible capital is found to be much higher than that to tangible capital.
`In' analytical NoteSouth Asia Economic Journal Vol. 18, No.2; Sep 2017: p246-275.
Journal SourceSouth Asia Economic Journal 2017-12 18, 2
Key WordsFirm Productivity ;  Manufacturing and Services Firms ;  India’s Corporate Sector ;  Intangible Capital ;  Rate Of Return To Intangible Capital