Economics at your fingertips  

Tangible and Intangible Capital and the Pattern of Specialisation in the EU

Ioannis Bournakis () and Michela Vecchi ()

Review of Economics and Institutions, 2010, vol. 1, issue 2

Abstract: This paper investigates the determinants of specialisation in 7 European countries and 4 major industrial sectors in the last 20 years. Next to the impact of traditional factors such as productivity and the endowment of labour and capital, we look at the importance of accounting for capital heterogeneity, by distinguishing between ICT and non-ICT assets, and for intangible capital such as skills and R&D. Our results show that intangible capital and innovation play an important part in increasing the value added shares of the Manufacturing sector while increasing investments in ICT have driven resources away from Manufacturing and towards the Service industry.

Keywords: specialisation; value added shares; factor accumulation; TFP; ICT capital; R&D; skills (search for similar items in EconPapers)
JEL-codes: F11 F14 D24 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Requires registration. Users must be registered and log in to access full text

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Review of Economics and Institutions is currently edited by Carlo Andrea Bollino

More articles in Review of Economics and Institutions from Università di Perugia Contact information at EDIRC.
Bibliographic data for series maintained by Ubaldo Pizzoli ().

Page updated 2020-05-01
Handle: RePEc:pia:review:v:1:y:2010:i:2:n:3