Nonnis, Alberto; Roth, Felix; Bounfour, Ahmed - 2024 - This version: 19 06 2024
This paper presents a puzzling finding: although France invests twice as much in intangible capital vis-à-vis Germany, both countries have similar LPG rates over the studied period from 1995 until 2020. We find that this difference in investments is driven by France's four- and...