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 …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …

firms' innovations on firms' productivity growth. Using the firm level data on innovation activity combined with firms …&D spillovers on firms' innovation activity within an integrated dynamic model. In the second step, we then estimate the impact of …&D subsidies, foreign ownership and intra-sector innovation spillovers do enhance firm's ability to innovate. Second, innovations …