Roth, F. (2020). Revisiting intangible capital and labour productivity growth, 2000-2015

Accounting for the crisis and economic recovery in the EU 

This paper aims to revisit the relaitionship between intangible capital and labour productivity growth using the largest, up-tp-date macro database (2000-2015) available to corroborate the econometric findings of earlier work and to generate novel econometric evidence by accounting for times of crisis (2008-2013) and economic recovery (2014-2015).

Findings:

  1. When accounting for intangibles, the paper finds that these intangibles have become the dominant source of labour productivity growth in the EU, explaining up to 66 percent of growth
  2. When accounting for times of crisis (2008-2013), in contrast to tangible capital, the paper detects a solid positive relaitionship between intangibles and labour productivity growth.
  3. When accounting for the economic recovery (2014-2015), the paper finds a highly significant and remarkable strong relaitionship between intangible capital and labour productivity growth.

 

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