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Business visits, knowledge diffusion and productivity
DOI:10.1007/s00148-017-0679-3.png)
Abstract
En 中文
We investigate whether labor mobility can be a distinct source of growth by studying the productivity impact of business visits (BVs), vis-A -vis that of other well-known drivers of productivity enhancement. Our analysis uses an unbalanced panel-covering on average 16 sectors per year in ten countries during the period 1998-2011-which combines unique and novel data on BVs sourced from the US National Business Travel Association with Organization for Economic Cooperation and Development (OECD) data on R&D and capital formation. We find that mobility through BVs is an effective mechanism to improve productivity, being about half that obtained by investing in R&D. This relevant finding invites viewing short-term mobility as a strategic mechanism and prospective policy tool to overcome productivity slowdowns and foster economic growth.
Keywords:
Business visits
Labor mobility
Knowledge
R&D
Productivity
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