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on output, inputs and total factor productivity. The analysis provides evidence on the diffusion of intangible investment … across Europe and the US over the years 2000-2013 and offers growth accounting evidence before and after the Great Recession … slowdown in labour productivity growth has been driven by a decline in TFP growth with relatively a minor role for tangible and …
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-term growth and labour productivity are still high in the international economic agenda, as they are crucial for living standards … contribute to the debate about the strong heterogeneity of the productivity performances in the European countries.In this paper … macro-economic dynamics, the Total Factor Productivity, becomes less important, while physical capital turns out to be …
Persistent link: https://www.econbiz.de/10013137062
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 …
Persistent link: https://www.econbiz.de/10010374120
labour-productivity growth in the US and larger countries of the EU. The continental West-European countries show a … from intangibles, and also larger multi-factor productivity (MFP) growth rates related to the restructuring of those …
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This paper aims to revisit the relationship between intangible capital and labour productivity growth using the largest … intangibles, the paper finds that these have become the dominant source of labour productivity growth in the EU, explaining 56 … a solid positive relationship between intangibles and labour productivity growth. Third, when accounting for the …
Persistent link: https://www.econbiz.de/10012060685