Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223096
Authors: 
Adarov, Amat
Stehrer, Robert
Year of Publication: 
2020
Series/Report no.: 
wiiw Research Report No. 446
Abstract: 
The study analyses the relationships between capital dynamics, productivity, global value chains and foreign direct investment using panel data techniques. Among other results, we confirm the high importance of tangible and intangible ICT capital for productivity and GVC integration. We examine the extent of underinvestment in ICT in the EU relative to other major economies and identify bottlenecks for efficient capital allocation. The sluggish economic performance of the EU in the post-crisis period has been further challenged by the COVID-19 outbreak. Consolidating policy efforts to facilitate ICT investment, tackling the barriers to ICT adoption and broad-based digitalisation are critical for the EU in order to maintain a competitive edge and unlock new growth opportunities in the new normal.
Subjects: 
productivity
digitalisation
ICT capital
FDI
global value chains
barriers to ICT investments
intangible capital
JEL: 
F14
F15
F21
E22
O47
Document Type: 
Research Report

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