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The contribution of intangible assets to sectoral productivity growth in the EU

  • Niebel, Thomas
  • O'Mahony, Mary
  • Saam, Marianne

In this paper we report on new data on intangible investment at the level of 1-digit NACE industries of 10 EU countries. The data are constructed as a sectoral breakdown of the INTANInvest database, which contains measures of intangible investment at the level of the aggregate business sector. With the sectoral data we assess the contribution of intangibles to productivity growth based on growth accounting and econometric estimation of production functions. The growth accounting contribution of intangibles to labor productivity growth is generally highest in manufacturing and finance. The estimated output elasticity of intangibles lies between 0.1 and 0.2, considerably below values found in previous research using aggregate data.

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Paper provided by ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research in its series ZEW Discussion Papers with number 13-062.

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Date of creation: 2013
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Handle: RePEc:zbw:zewdip:13062
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  1. O’Mahony, Mary & Peng, Fei, 2011. "Intangible training capital and productivity in Europe," MPRA Paper 38648, University Library of Munich, Germany.
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  7. Hyunbae CHUN & FUKAO Kyoji & HISA Shoichi & MIYAGAWA Tsutomu, 2012. "Measurement of Intangible Investments by Industry and Its Role in Productivity Improvement Utilizing Comparative Studies between Japan and Korea," Discussion papers 12037, Research Institute of Economy, Trade and Industry (RIETI).
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