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The effects of intangibles on productivity and resilience during the green transition

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Intangible capital is a key driver of productivity growth, competitiveness and resilience. Unlike tangible investment such as machinery and equipment, investment in intangible assets, especially R&D, shows low sensitivity to adverse demand shocks. R&D intensive firms seem to be more resilient (higher employment) during crises and recover faster (higher productivity) afterwards. Productivity growth can contribute to decarbonisation, but in many instances productivity growth and decarbonisation lead to conflicting objectives, which needs to be addressed through policy action.

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  • Bauer Peter & Genty Aurelien & Lucke Friedrich, 2025. "The effects of intangibles on productivity and resilience during the green transition," JRC Research Reports JRC140398, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc140398
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC140398
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    1. Peter Bauer & Igor Fedotenkov & Aurelien Genty & Issam Hallak & Peter Harasztosi & David Martinez Turegano & David Nguyen & Nadir Preziosi & Ana Rincon-Aznar & Miguel Sanchez Martinez, 2020. "Productivity in Europe: Trends and drivers in a service-based economy," JRC Research Reports JRC119785, Joint Research Centre.
    2. Stefan Ambec & Mark A. Cohen & Stewart Elgie & Paul Lanoie, 2013. "The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(1), pages 2-22, January.
    3. Mercedes Teruel & Sofia Amaral-Garcia & Peter Bauer & Alex Coad & Clemens Domnick & Peter Harasztosi & Rozália Pál, 2023. "Productivity and HGEs: resilience and recovery from the COVID-19 pandemic," Industry and Innovation, Taylor & Francis Journals, vol. 30(7), pages 895-918, August.
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