Intangible Capital and Labor Productivity Growth: Panel Evidence for the EU from 1998–2005

Felix Roth () and Anna Thum-Thysen

Chapter Chapter 5 in Intangible Capital and Growth, 2022, pp 101-128 from Springer

Abstract: Abstract Using new international comparable data on intangible capital investment by business within a panel analysis between 1998–2005 in an EU country sample, a positive and significant relationship between intangible capital investment and labor productivity growth is detected. This relationship proves to be robust to a range of alterations. The empirical analysis confirms previous findings that the inclusion of business intangible capital investment in the asset boundary of the national accounting framework increases the rate of change of output per hour worked more rapidly. In addition, intangible capital is able to explain a significant portion of the unexplained international variance in labor productivity growth and becomes a dominant source of growth.

Keywords: C23; O47; O52; Intangible capital; Labor productivity growth; Panel analysis; EU (search for similar items in EconPapers)
Date: 2022
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Journal Article: Intangible Capital and Labor Productivity Growth: Panel Evidence for the EU from 1998–2005 (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-030-86186-5_5

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DOI: 10.1007/978-3-030-86186-5_5

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