Measuring intangible capital and its contribution to economic growth in Europe

Artikel

This study describes the state of the art in the measurement of intangible capital and its contribution to economic growth, with a focus on an international comparison of intangible investment intensity and intangible capital deepening among eleven advanced economies. By employing a broad measure of intangibles, including computerized information, innovative property and economic competencies, we find a relatively large impact on growth. Intangible capital explains about a quarter of labour-productivity growth in the US and larger countries of the EU. The continental West-European countries show a distinction between countries with significant contributions from intangible capital deepening and a group of laggards. Catching-up countries such as the Czech Republic, Greece and Slovakia show much larger contributions from tangible capital deepening than from intangibles, and also larger multi-factor productivity (MFP) growth rates related to the restructuring of those economies.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: EIB Papers ; ISSN: 0257-7755 ; Volume: 14 ; Year: 2009 ; Issue: 1 ; Pages: 62-93 ; Luxembourg: European Investment Bank (EIB)

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Immaterielles Anlagevermögen ; Messung ; Wirtschaftswachstum ; Arbeitsproduktivität ; Produktivität ; Vergleich ; EU-Staaten ; USA

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): van Ark, Bart ; Hao, Janet X. ; Corrado, Carol ; Hulten, Charles
• Ereignis: Veröffentlichung
• (wer): European Investment Bank (EIB)
• (wo): Luxembourg
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/44905
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ