Intangible Investment and Regional Productivity in Great Britain

Konstantinos Melachroinos () and Nigel Spence

Regional Studies, 2013, vol. 47, issue 7, 1048-1064

Abstract: Melachroinos K. A. and Spence N. Intangible investment and regional productivity in Great Britain, Regional Studies . Investment in intangible assets is considered to be an important driver of territorial competitiveness and wealth creation. Nevertheless, conventional growth accounting analyses treat most intangibles as intermediate expenditure and thus fail to capture the full effect of intangibles on output expansion and productivity dynamics. This situation has changed recently as a result of research that approaches a wider range of intangibles as capital. Based on such a national study, this paper investigates the significance of intangibles as a source of regional economic growth in Great Britain and the effect of these assets on the productivity performance between 1995 and 2004.

Date: 2013
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DOI: 10.1080/00343404.2012.684678

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