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Cross-Country Variations in Capital Structures: The Role of Bankruptcy Codes

Acharya, Viral V; John, Kose; Sundaram, Rangarajan K - C.E.P.R. Discussion Papers - 2005

) proxies of liquidation values: asset-specificity of the firm, and the fraction of the firm’s assets that are intangibles. We …

Persistent link: https://www.econbiz.de/10005504655

UK Innovation Index: Productivity and Growth in UK Industries

Goodridge, Peter; Haskel, Jonathan; Wallis, Gavin - C.E.P.R. Discussion Papers - 2012

) document UK intangible investment and (2) see how it contributes to economic growth. Regarding investment in knowledge/intangibles … combined (16%) and TFP (-0.4%); (b) adding intangibles to growth accounting lowers TFP growth by about 18 percentage points (c …

Persistent link: https://www.econbiz.de/10011083550

Intangible Capital and Growth in Advanced Economies: Measurement and Comparative Results

Corrado, Carol; Haskel, Jonathan; Iommi, Massimiliano; … - C.E.P.R. Discussion Papers - 2012

intangibles (software, design, R&D, branding, organizational capital) exceeds tangible investment for the United States. This … growth, consistent with spillovers from intangibles. …

Persistent link: https://www.econbiz.de/10011084039

Assessing agglomeration economies in a spatial framework with endogenous regressors

Artis, Michael J; Miguélez, Ernest; Moreno, Rosina - C.E.P.R. Discussion Papers - 2009

This paper is concerned with the influence of agglomeration economies on economic outcomes across British regions. The concentration of economic activity in one place can foster economic performance due to the reduction in transportation costs, the ready availability of customers and suppliers,...

Persistent link: https://www.econbiz.de/10005791212

Public Support for Innovation, Intangible Investment and Productivity Growth in the UK Market Sector

Haskel, Jonathan; Wallis, Gavin - C.E.P.R. Discussion Papers - 2010

Pressure on public finances has increased scrutiny of public support for innovation. We examine two particular issues. First, there have been many recent calls for the (relatively new) UK R&D subsidy to be extended to other "research" activities, such as software. Second, argument still rages...

Persistent link: https://www.econbiz.de/10008468645

Financial Development, Property Rights and Growth

Claessens, Stijn; Laeven, Luc - C.E.P.R. Discussion Papers - 2002

This Paper investigates how the legal framework not only affects the amount of external financing available, but also firms’ resource allocation among different types of assets. Using a simple model, we show that in a weaker legal environment a firm will get less financing, and thus invest...

Persistent link: https://www.econbiz.de/10005504760

Knowledge Spillovers, ICT and Productivity Growth

Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cecilia - C.E.P.R. Discussion Papers - 2014

This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...

Persistent link: https://www.econbiz.de/10011084334

How Much Does the UK Invest in Intangible Assets?

Giorgio Marrano, Mauro; Haskel, Jonathan - C.E.P.R. Discussion Papers - 2007

the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is …

Persistent link: https://www.econbiz.de/10005656338

Europe's 'New' Stock Markets

Bottazzi, Laura; Da Rin, Marco - C.E.P.R. Discussion Papers - 2002

The creation of Europe’s ‘new’ stock markets represents a major experiment in market design with important implications for the ability to support innovative, fast-growing companies. We evaluate the success of these markets based on a large number of measures of firm performance and...

Persistent link: https://www.econbiz.de/10005123860

Real-Time Analysis of Oil Price Risks Using Forecast Scenarios

Baumeister, Christiane; Kilian, Lutz - C.E.P.R. Discussion Papers - 2011

much the forecast would change relative to the baseline forecast under alternative scenarios about future oil demand and … evaluating the risks underlying these forecasts. We show how policy-relevant forecast scenarios can be constructed from recently … to these scenarios affect the upside and downside risks embodied in the baseline real-time oil price forecast. Such risk …

Persistent link: https://www.econbiz.de/10009385759