IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v57y2025i43p6948-6962.html
   My bibliography  Save this article

Intangible capital as a production factor. Firm-level evidence from Austrian microdata

Author

Listed:
  • Klaus Friesenbichler
  • Agnes Kügler
  • Julia Schieber-Knöbl

Abstract

We examine the role of intangible capital as a production factor using Austrian firm-level register data. The setting exemplifies the characteristics of an advanced, small, and open economy. Descriptive statistics show that intangible investment has increased over time. The intensive and extensive margins of firms’ investments are highly skewed. They differ across sectors. A series of sample splits show that the components of intangible capital play different roles as inputs in the production function. Software and especially licences are important for SMEs and exporters. Research and development play an important role in production in all specifications. For firms that continuously invest in intangible capital, all components of intangible capital gain importance in the production functions. These results complement those found in previous studies and have implications for the strategic orientation of industrial and innovation policy.

Suggested Citation

  • Klaus Friesenbichler & Agnes Kügler & Julia Schieber-Knöbl, 2025. "Intangible capital as a production factor. Firm-level evidence from Austrian microdata," Applied Economics, Taylor & Francis Journals, vol. 57(43), pages 6948-6962, September.
    • Handle: RePEc:taf:applec:v:57:y:2025:i:43:p:6948-6962
    DOI: 10.1080/00036846.2024.2387369
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2024.2387369
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2024.2387369?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:57:y:2025:i:43:p:6948-6962. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.