Intangible Capital and Firm-Level Productivity – Evidence from Germany

Arbeitspapier

This paper analyses the impact of intangible capital on firm-level productivity for Germany using panel data from the Community Innovation Survey for the time period 2006 to 2018. Our paper presents three novel results. First, we find a highly significant positive relationship between intangible capital and firm-level productivity with elasticities overall in line with previous findings reported for other large EU economies. Second, our results show that both manufacturing and services are highly intangible-capital intensive, and that intangibles have a greater impact on firm-level productivity in services - particular in the business services sector. Third, our results show that intangible capital investments in German firms are equal to investments in tangible capital since the early 2000s. Overall, the evidence presented in our paper indicates that Germany - in line with other advanced economies - has undergone a structural transition into a knowledge economy in which intangibles act as an important driver of firm-level productivity.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Hamburg Discussion Papers in International Economics ; No. 9

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Firm Organization and Market Structure ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
• Thema: Intangible capital ; firm-level productivity ; panel data ; Germany

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Roth, Felix ; Sen, Ali ; Rammer, Christian
• Ereignis: Veröffentlichung
• (wer): University of Hamburg, Chair of International Economics
• (wo): Hamburg
• (wann): 2021

Weitere Informationen

• Handle: http://hdl.handle.net/10419/234062
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ