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The rule of law and investment in intangible capital: Evidence for the EU-16, 1996-2017

Felix Roth

No 12, Hamburg Discussion Papers in International Economics from University of Hamburg, Chair of International Economics

Abstract: This paper analyses the relationship between the rule of law (RoL) and intangible capital investment by businesses within a sample of 16 European countries, over the period from 1996 to 2017. Studies on the effects of RoL on intangible capital investment are scarce, hence, the relevance of empirical research in this area. When controlling for endogeneity, the study found a coefficient of 2.0 for the relationship between RoL and investment in intangibles, confirming the significant and positive relationship between the two and highlighting RoL as a driving factor of investment in intangibles and, hence, labour productivity growth in the EU-16.

Keywords: rule of law (RoL); intangible capital investment; labour productivity growth; European Union (EU) (search for similar items in EconPapers)
JEL-codes: E02 E22 O34 O43 O52 P14 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-eec, nep-eff, nep-knm, nep-law, nep-mac and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:uhhhdp:12

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