Are intangibles more productive in ICT-intensive industries? : evidence from EU countries

Chen, Wen ; Niebel, Thomas ; Saam, Marianne

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URL:	https://ub-madoc.bib.uni-mannheim.de/37149
URN:	urn:nbn:de:bsz:180-madoc-371495
Document Type:	Working paper
Year of publication:	2014
The title of a journal, publication series:	ZEW Discussion Papers
Volume:	14-070
Place of publication:	Mannheim
Publication language:	English
Institution:	Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series:	Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject:	330 Economics
Classification:	JEL: E22 , J24 , O47,
Keywords (English):	Intangible capital , ICT , economic growth , labour productivity
Abstract:	Using sectoral intangible investment data we confirm that intangible capital is a significant determinant of labour productivity growth. The sectoral setting further allows us to identify the differential impacts of intangible capital across industries with varying degrees of ICT intensity. Intangible capital appears to be significantly more productive in ICT-intensive sectors than in those that use little ICT. This finding remains robust across various alternative industry ICT intensity measures and aligns with the prior firm-level studies that place emphasis on the complementary role of intangible assets in ICT investment.

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