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special issue: Intangible investment and human resources

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Author Info

  • Michael Peneder

    ()
    (Austrian Institute of Economic Research, WIFO P.O. Box 91, 1030 Vienna, Austria)

Abstract

To make intangibles more `tangible' for empirical analysis, statistical cluster techniques are applied in the development of two new taxonomies of manufacturing industries. The first focuses on the distinction between exogenous, location dependent comparative cost advantages, such as the relative abundance of capital or labour, and endogenously created firm specific advantages resulting from intangible investments in marketing or innovation. The second taxonomy discriminates between industries according to their employment of skilled labour. Finally, econometric tests are used to investigate the presumed complementarity between intangible investments and human resources.

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Bibliographic Info

Article provided by Springer in its journal Journal of Evolutionary Economics.

Volume (Year): 12 (2002)
Issue (Month): 1 ()
Pages: 107-134

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Handle: RePEc:spr:joevec:v:12:y:2002:i:1:p:107-134

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Related research

Keywords: Intangible investments - Human resources - Endogenous sunk costs - Market process - Industry structure;

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Cited by:
  1. Gurrieri, Antonia Rosa, 2013. "Networking entrepreneurs," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 47(C), pages 193-204.
  2. Michael Peneder, 2002. "Industrial Structure and Aggregate Growth," WIFO Working Papers 182, WIFO.
  3. Anne Otto & Michaela Fuchs & Wolfgang Dauth, 2011. "Long-term processes of regional concentration and dispersion - fuzzy evidence for Western Germany," ERSA conference papers ersa10p537, European Regional Science Association.
  4. de Jong, Jeroen P.J. & Marsili, Orietta, 2006. "The fruit flies of innovations: A taxonomy of innovative small firms," Research Policy, Elsevier, vol. 35(2), pages 213-229, March.

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