Intangible assets of multinational enterprises in Ireland and their impact on euro area GDP

Malin Andersson, Stephen Byrne, Lorenz Emter, Belén González Pardo, Valerie Jarvis and Nico Zorell

Economic Bulletin Boxes, 2023, vol. 3

Abstract: Large-scale transfers of intellectual property products (IPP) conducted by multinational enterprises in Ireland are increasingly affecting euro area output, investment and trade measures. At the time of transfer, the within-quarter impact of these inflows tends to be neutral for euro area real GDP growth, as IPP transfers are often accompanied by services imports of equal size. However, in subsequent quarters these inflows typically have a positive effect on euro area GDP growth, as they boost both the capital stock and future export streams. JEL Classification: E01, E22, F23, F43, F62

Keywords: Growth; intangibles; multinational enterprises (search for similar items in EconPapers)
Date: 2023-05
Note: 427284
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