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Intangible Assets and Participation in Global Value Chains: An Analysis on a Sample of European Countries

Author

Listed:
  • Cecilia Jona Lasinio

    (ISTAT)

  • Stefano Manzocchi

    (LUISS "Guido Carli")

  • Valentina Meliciani

    (LUISS "Guido Carli")

Abstract

This paper investigates the role of intangible assets as factors influencing participation in global value chains (GVC) in a sample of European economies. We distinguish between different forms of participation in GVC entailing a different degree of capability to create value added domestically and we examine how different intangible assets contribute to foster countries’ engagement in GVC and the reaping of benefits from such participation. The data cover 14 European countries in two broad sectors (manufacturing and total market services) over the period 1995-2014. We find that investing in intangible assets favours participation in GVC and contributes to value appropriation along the chain. Moreover, different intangible assets contribute differently to forward and backward participation.

Suggested Citation

  • Cecilia Jona Lasinio & Stefano Manzocchi & Valentina Meliciani, 2016. "Intangible Assets and Participation in Global Value Chains: An Analysis on a Sample of European Countries," Working Papers LuissLab 16129, Dipartimento di Economia e Finanza, LUISS Guido Carli.
  • Handle: RePEc:lui:lleewp:16129
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    References listed on IDEAS

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    More about this item

    Keywords

    Intangible assets; global value chains; forward and backward participation; R&D expenditure;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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