Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/253256
Authors: 
Roth, Felix
Year of Publication: 
2022
Series/Report no.: 
Hamburg Discussion Papers in International Economics No. 11
Publisher: 
University of Hamburg, Chair of International Economics, Hamburg
Abstract: 
This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the aggregate and sectoral levels by employing an econometric growth-accounting approach. First, our results show that intangible capital deepening accounts for around 50 percent of labor productivity growth at both the aggregate and sectoral level. Second, we find that this positive impact of intangible capital on productivity growth at both levels of aggregation is driven by investments in economic competencies, the only intangible group not covered in the national accounts. Third, our results reveal deep sectoral heterogeneities regarding investments and productivity effects of different intangible types. These findings have important implications for future EU industrial policies and are directly relevant to the EU's efforts to close its productivity gap with the US.
Subjects: 
intangible capital
labor productivity growth
cross-country sectoral panel analysis
manufacturing
market services
EU
JEL: 
C23
E22
L16
L60
L80
O47
O52
Document Type: 
Working Paper

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