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

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  • 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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    References listed on IDEAS

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    1. Dominique Guellec & Bruno Van Pottelsberghe de la Potterie, 2004. "From R&D to Productivity Growth: Do the Institutional Settings and the Source of Funds of R&D Matter?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(3), pages 353-378, July.
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    Cited by:

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    2. Nadia Accoto & Stefano Federico & Giacomo Oddo, 2023. "Trade in services related to intangibles and the profit shifting hypothesis," Temi di discussione (Economic working papers) 1414, Bank of Italy, Economic Research and International Relations Area.

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    More about this item

    Keywords

    productivity; intangible capital; R&D; European economies.;
    All these keywords.

    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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