Intangible assets and labour productivity growth

We examine the contribution to labor productivity growth in the manufacturing sector of investment in different intangible asset categories¿computerized information, innovative property, and economic competencies¿for a set of 18 European countries between 1995 and 2017, as well as whether this contr...

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Detalles Bibliográficos
Autores: Hintzmann, Carolina, Llados-Masllorens, Josep, Ramos-Lobo, Raul
Tipo de recurso: artículo
Fecha de publicación:2021
País:España
Institución:Universitat Oberta de Catalunya (UOC)
Repositorio:O2, repositorio institucional de la UOC
OAI Identifier:oai:openaccess.uoc.edu:10609/137072
Acceso en línea:https://hdl.handle.net/10609/137072
Access Level:acceso abierto
Palabra clave:intangible capital
labor productivity
manufacturing
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spelling Intangible assets and labour productivity growthHintzmann, CarolinaLlados-Masllorens, JosepRamos-Lobo, Raulintangible capitallabor productivitymanufacturingWe examine the contribution to labor productivity growth in the manufacturing sector of investment in different intangible asset categories¿computerized information, innovative property, and economic competencies¿for a set of 18 European countries between 1995 and 2017, as well as whether this contribution varies between different groups of countries. The motivation is to go a step further and identify which single or combination of intangible assets are relevant. The main findings can be summarized as follows. Firstly, all the three different categories of intangible assets contribute to labor productivity growth. In particular, intangible assets related to economic competences together with innovative property assets have been identified as the main drivers; specifically, advertising and marketing, organizational capital, research and development (R&D) investment, and design. Secondly, splitting the sample of European Union (EU) member states into three groups¿northern, central and southern Europe¿allows for the identification of a significant differentiated behavior between and within groups, in terms of the effects of investment in intangible assets on labor productivity growth. We conclude that measures promoting investment in intangibles at EU level should be accompanied by specific measures focusing on each country¿s needs, for the purpose of promoting labor productivity growth. The obtained evidence suggests that the solution for the innovation deficit of some European economies consist not only of raising R&D expenditure, but also exploiting complementarities between different types of assets.EconomiesUniversitat Oberta de Catalunya (UOC)Universitat de Barcelona (UB)202220222021info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10609/137072reponame:O2, repositorio institucional de la UOCinstname:Universitat Oberta de Catalunya (UOC)Ingléshttp://creativecommons.org/licenses/by/3.0/es/info:eu-repo/semantics/openAccessoai:openaccess.uoc.edu:10609/1370722026-05-28T12:42:01Z
dc.title.none.fl_str_mv Intangible assets and labour productivity growth
title Intangible assets and labour productivity growth
spellingShingle Intangible assets and labour productivity growth
Hintzmann, Carolina
intangible capital
labor productivity
manufacturing
title_short Intangible assets and labour productivity growth
title_full Intangible assets and labour productivity growth
title_fullStr Intangible assets and labour productivity growth
title_full_unstemmed Intangible assets and labour productivity growth
title_sort Intangible assets and labour productivity growth
dc.creator.none.fl_str_mv Hintzmann, Carolina
Llados-Masllorens, Josep
Ramos-Lobo, Raul
author Hintzmann, Carolina
author_facet Hintzmann, Carolina
Llados-Masllorens, Josep
Ramos-Lobo, Raul
author_role author
author2 Llados-Masllorens, Josep
Ramos-Lobo, Raul
author2_role author
author
dc.contributor.none.fl_str_mv Universitat Oberta de Catalunya (UOC)
Universitat de Barcelona (UB)
dc.subject.none.fl_str_mv intangible capital
labor productivity
manufacturing
topic intangible capital
labor productivity
manufacturing
description We examine the contribution to labor productivity growth in the manufacturing sector of investment in different intangible asset categories¿computerized information, innovative property, and economic competencies¿for a set of 18 European countries between 1995 and 2017, as well as whether this contribution varies between different groups of countries. The motivation is to go a step further and identify which single or combination of intangible assets are relevant. The main findings can be summarized as follows. Firstly, all the three different categories of intangible assets contribute to labor productivity growth. In particular, intangible assets related to economic competences together with innovative property assets have been identified as the main drivers; specifically, advertising and marketing, organizational capital, research and development (R&D) investment, and design. Secondly, splitting the sample of European Union (EU) member states into three groups¿northern, central and southern Europe¿allows for the identification of a significant differentiated behavior between and within groups, in terms of the effects of investment in intangible assets on labor productivity growth. We conclude that measures promoting investment in intangibles at EU level should be accompanied by specific measures focusing on each country¿s needs, for the purpose of promoting labor productivity growth. The obtained evidence suggests that the solution for the innovation deficit of some European economies consist not only of raising R&D expenditure, but also exploiting complementarities between different types of assets.
publishDate 2021
dc.date.none.fl_str_mv 2021
2022
2022
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10609/137072
url https://hdl.handle.net/10609/137072
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv http://creativecommons.org/licenses/by/3.0/es/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Economies
publisher.none.fl_str_mv Economies
dc.source.none.fl_str_mv reponame:O2, repositorio institucional de la UOC
instname:Universitat Oberta de Catalunya (UOC)
instname_str Universitat Oberta de Catalunya (UOC)
reponame_str O2, repositorio institucional de la UOC
collection O2, repositorio institucional de la UOC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.300724

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