Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/88882 
Authors: 
Year of Publication: 
2011
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 46 [Issue:] 4 [Publisher:] Springer [Place:] Heidelberg [Year:] 2011 [Pages:] 222-228
Publisher: 
Springer, Heidelberg
Abstract: 
Intangibles and especially organisational capital are an important source of capital deepening in European countries, albeit with significant cross-country differences. The GDP in the EU27 area is 5.5% higher if certain categories of expenditure, which have until now been considered as current costs, are classified as investments in intangibles. Intangible capital investment markedly improves the profitability of companies, given the productivity-wage gap, and leads to increasing returns in intangible capital intensive countries.
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Document Type: 
Article
Document Version: 
Published Version

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