The effects of intangibles on productivity and resilience during the green transition

Peter Bauer, Aurelien Genty () and Friedrich Lucke
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Aurelien Genty: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No JRC140398, JRC Research Reports from Joint Research Centre

Abstract: Intangible capital is a key driver of productivity growth, competitiveness and resilience. Unlike tangible investment such as machinery and equipment, investment in intangible assets, especially R&D, shows low sensitivity to adverse demand shocks. R&D intensive firms seem to be more resilient (higher employment) during crises and recover faster (higher productivity) afterwards. Productivity growth can contribute to decarbonisation, but in many instances productivity growth and decarbonisation lead to conflicting objectives, which needs to be addressed through policy action.

Date: 2025-05
New Economics Papers: this item is included in nep-eff, nep-ene, nep-env and nep-sbm
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