Webster, E. and Jensen, P.H. (2006) Investment in Intangible Capital: An Enterprise
Perspective. The Economic Record, 82, 82-96.
Appendix
Table A1: Variable definitions used in the weighted FAME dataset
|
Variable____________ |
Definitions |
|
Export |
Dummy variable coded 1 if the firm has positive overseas turnover in any year during |
|
EXP_always |
Dummy variable coded 1 if the firm always exported throughout 1996-2004 Dummy variable coded 1 if the firm never exported throughout 1996-2004 Dummy variable coded 1 if the firm entered into exporting during 1996-2004 Dummy variable coded 1 if the firm exited exporting during 1996-2004 Dummy variable coded 1 if the firm started and then stopped exporting more than once |
|
Gross output Employment Region____________ |
Turnover (in £’000 2000 prices) Cost of sales minus remuneration (in £’000 2000 prices) Tangible assets (in £’000 2000 prices) Non-monetary assets (e.g. innovation, goodwill, brand, etc.) coded 1 if > 0. Gross output per employee Age of the firm in years Number of employees in the firm 3-digit industry (SIC2003) Standard Government Office regions based on postcodes information in FAME________ |
a These variables also enter the model coded 1 in year t when the firm exports (otherwise coded 0
when it does not export in t). See the discussion following Equation (5).
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