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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
productivity growth based on growth accounting and econometric estimation of production functions. The growth accounting … contribution of intangibles to labor productivity growth is generally highest in manufacturing and finance. The estimated output …
Persistent link: https://www.econbiz.de/10009787409
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Using a cross-country firm level panel dataset from 1995 to 2015, this paper revisits the finance–productivity nexus by … result, financial frictions are expected to be more binding for productivity growth in sectors where intangibles have become … level. We provide evidence that financial frictions act as a drag on productivity growth and especially so with respect to …
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This paper examines the impact of investment in knowledge-based capital on firm productivity. The analysis is based on … and above other factors, an increase in investment in knowledge-based capital of 10 per cent increases firm productivity … by 2 per cent. The research results indicate that productivity gains linked to investment in KBC are larger for Irish …
Persistent link: https://www.econbiz.de/10011630753
The paper studies the drivers of productivity at country and sectoral levels over the period 2000-2017 with the focus … intangible digital capital for productivity growth, particularly in the manufacturing sectors. While backward global value chain … participation and EU integration are also found to be instrumental for accelerating productivity growth, the impact of inward …
Persistent link: https://www.econbiz.de/10012209649