We analyze the effects of intangible investment on international output synchronization. Using a dynamic stochastic …

Firm investment, Intangible assets, Loan terms, Credit constraint, Survey data, Instrumental variable approachUsing … European firm-level data from a new survey, the EIBIS, we document the effect of bank loan terms on investment in intangible … benefit from the complementarities of these assets. We document the effect of loan conditions on investment intensity, as well …

Investment in capital is important for economic growth. But capital is not just physical assets – firms also invest in … that structural and technological changes in economies have increased the importance of investment in intangibles as a …, industries and countries) is linked to investment in intangibles and its complementarities with other assets, such as information …