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Intangible assets of multinational enterprises in Ireland and their impact on euro area GDP

Author

Listed:
  • Andersson, Malin
  • Byrne, Stephen
  • Emter, Lorenz
  • Pardo, Belén González
  • Jarvis, Valerie
  • Zorell, Nico

Abstract

Large-scale transfers of intellectual property products (IPP) conducted by multinational enterprises in Ireland are increasingly affecting euro area output, investment and trade measures. At the time of transfer, the within-quarter impact of these inflows tends to be neutral for euro area real GDP growth, as IPP transfers are often accompanied by services imports of equal size. However, in subsequent quarters these inflows typically have a positive effect on euro area GDP growth, as they boost both the capital stock and future export streams. JEL Classification: E01, E22, F23, F43, F62

Suggested Citation

  • Andersson, Malin & Byrne, Stephen & Emter, Lorenz & Pardo, Belén González & Jarvis, Valerie & Zorell, Nico, 2023. "Intangible assets of multinational enterprises in Ireland and their impact on euro area GDP," Economic Bulletin Boxes, European Central Bank, vol. 3.
    • Handle: RePEc:ecb:ecbbox:2023:0003:2
    Note: 427284
    as

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    More about this item

    Keywords

    Growth; intangibles; multinational enterprises;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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