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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
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 up to … detects a solid positive relationship between intangibles and labour productivity growth. Third, when accounting for the …
Persistent link: https://www.econbiz.de/10012145830
This paper assesses the productivity puzzle critically and gives an outlook on the COVID-19 crisis. It offers two main … conclusions. First, it posits that a large fraction of the productivity puzzle can be solved by incorporating intangible capital … into the asset boundary of the national accounts. Thus, the productivity puzzle is largely explained as a consequence of …
Persistent link: https://www.econbiz.de/10012485717
productivity, employment generation, and exit rates. We feed these empirical results into an agnostic firm dynamics model to … that substantial gains in aggregate employment and productivity can be made through policies that benefit high …
Persistent link: https://www.econbiz.de/10014081988
terms of productivity, employment generation, and exit rates. Feeding these empirical results into an agnostic firm dynamics … startups. We find that substantial gains in aggregate employment and productivity can be reaped through policies that benefit …
Persistent link: https://www.econbiz.de/10013295388
productivity, employment generation, and exit rates. We feed these empirical results into an agnostic firm dynamics model to … that substantial gains in aggregate employment and productivity can be made through policies that benefit high …
Persistent link: https://www.econbiz.de/10013404285
key driver of productivity gains. Since distortions preventing misallocation can be driven by institutional obstacles …One of the key determinants of potential growth are productivity gains. Total factor productivity (TFP) differences are … the main determinant of per capita income differences between countries. A key factor to understand TFP is misallocation …
Persistent link: https://www.econbiz.de/10011658836
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
This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the … capital deepening accounts for around 40 percent of labor productivity growth at both the aggregate and sectoral level. Second …, we find that this positive impact of intangible capital on productivity growth at both levels of aggregation is driven by …
Persistent link: https://www.econbiz.de/10012622533
This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the … capital deepening accounts for around 50 percent of labor productivity growth at both the aggregate and sectoral level. Second …, we find that this positive impact of intangible capital on productivity growth at both levels of aggregation is driven by …
Persistent link: https://www.econbiz.de/10013183835