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"The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large panel of Italian Manufacturing firms. In the analysis, we decompose total intangibles in two different ways: in intangibles expensed in firms' current accounts (as usually...
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Through a survey, economic value estimates were obtained on 962 inventions made in the United States and Germany and on which German patent renewal fees were paid to full-term expiration in 1995. A search of subsequent U.S. and German patents yielded a count of citations to those patents....
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We develop an analysis of ex ante monitoring of risky projects in banking. If protected from competition, banks are more concerned about not catching good risk projects when the perceived state of the economy improves, while they are more concerned about being induced to finance bad risk...
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– proxied by R&D expenditure and the number of new patents – across 19 OECD countries. The relationship between innovation … these measures of innovation intensity and MFP growth. Innovation-specific policies such as R&D tax incentives, direct … forthcoming. A pervasive theme from the analysis is the importance of coupling policies aimed at encouraging innovation or …
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