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Intangible Investment and Regional Productivity in Great Britain

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  • Konstantinos A. Melachroinos
  • Nigel Spence

Abstract

Melachroinos K. A. and Spence N. Intangible investment and regional productivity in Great Britain, Regional Studies . Investment in intangible assets is considered to be an important driver of territorial competitiveness and wealth creation. Nevertheless, conventional growth accounting analyses treat most intangibles as intermediate expenditure and thus fail to capture the full effect of intangibles on output expansion and productivity dynamics. This situation has changed recently as a result of research that approaches a wider range of intangibles as capital. Based on such a national study, this paper investigates the significance of intangibles as a source of regional economic growth in Great Britain and the effect of these assets on the productivity performance between 1995 and 2004.

Suggested Citation

  • Konstantinos A. Melachroinos & Nigel Spence, 2013. "Intangible Investment and Regional Productivity in Great Britain," Regional Studies, Taylor & Francis Journals, vol. 47(7), pages 1048-1064, July.
    • Handle: RePEc:taf:regstd:v:47:y:2013:i:7:p:1048-1064
    DOI: 10.1080/00343404.2012.684678
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    References listed on IDEAS

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    7. Leonard I. Nakamura, 2001. "What is the U.S. gross investment in intangibles? (At least) one trillion dollars a year!," Working Papers 01-15, Federal Reserve Bank of Philadelphia.
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    Cited by:

    1. Thomas Schatzer & Matthias Siller & Janette Walde & Gottfried Tappeiner, 2019. "The Impact of Model Choice on Estimates of Regional TFP," International Regional Science Review, , vol. 42(1), pages 98-116, January.
    2. Peter Mayerhofer, 2016. "Unternehmensinvestitionen in den österreichischen Bundesländern. Entwicklung – Struktur – Funktion regionaler Förderung," WIFO Studies, WIFO, number 58936.
    3. Contò, Francesco & Adinolfi, Felice & Fiore, Mariantonietta & La Sala, Piermichele, 2013. "An incubator model based on the territorial value chain," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 7(2-3), pages 1-5.
    4. Mertens, Matthias & Mueller, Steffen, 2022. "The East-West German gap in revenue productivity:Just a tale of output prices?," Journal of Comparative Economics, Elsevier, vol. 50(3), pages 815-831.
    5. Martin Falk, 2013. "New Empirical Findings for International Investment in Intangible Assets. WWWforEurope Working Paper No. 30," WIFO Studies, WIFO, number 46891, February.
    6. Konstantinos A Melachroinos & Nigel Spence, 2014. "The Impact of Intangible Assets on Regional Productivity Disparities in Great Britain," Environment and Planning A, , vol. 46(3), pages 629-648, March.
    7. Mercedes Gumbau-Albert & Joaquín Maudos, 2022. "The importance of intangible assets in regional economic growth: a growth accounting approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(2), pages 361-390, October.

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