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Intangible Assets and Productivity Growth Differentials across EU Economies: The Role of ICT and R&D

Author

Listed:
  • Cecilia Jona-Lasinio

    (ISTAT-Econometric Studies and Economic Forecasting Division and LUISS “Guido Carli” University-LUISS Lab of European Economics, Rome)

  • Stefano Manzocchi

    (LUISS “Guido Carli” University-Econometric Studies and Economic Forecasting Division, Rome)

Abstract

We analyze productivity growth differentials across the EU in the perspective of intangible, as well as tangible, capital accumulation. Based on a new international dataset on intangibles, we identify three main EU regions corresponding to the Northern area, Central Europe and the Mediterranean area. We find that intangible capital accumulation has strongly contributed to labor productivity growth in the best performing European economies/regions. Moreover, we find evidence that intangible capital accumulation, especially in software and R&D, is associated with spillover effects.

Suggested Citation

  • Cecilia Jona-Lasinio & Stefano Manzocchi, 2014. "Intangible Assets and Productivity Growth Differentials across EU Economies: The Role of ICT and R&D," Rivista di Politica Economica, SIPI Spa, issue 1, pages 355-381, January-M.
    • Handle: RePEc:rpo:ripoec:y:2014:i:1:p:355-381
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    Cited by:

    1. Poledrini Simone & Searing Elizabeth A. M. & Montrone Alessandro, 2022. "A Model for Directing and Modulating Public Interventions in Social Enterprises," Nonprofit Policy Forum, De Gruyter, vol. 13(4), pages 307-332, October.
    2. Nadia Accoto & Stefano Federico & Giacomo Oddo, 2024. "Trade in services related to intangibles and the profit shifting hypothesis," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 70(4), pages 1037-1059, December.

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    Keywords

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    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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