EconPapers    
Economics at your fingertips  
 

The contribution of intangible inputs and participation in global value chains to productivity performance: Evidence from the EU-28, 2000-2014

Aggelos Tsakanikas, Felix Roth, Simone Caliò, Yannis Caloghirou and Petros Dimas

No 5, Hamburg Discussion Papers in International Economics from University of Hamburg, Chair of International Economics

Abstract: This paper analyzes the contribution of intangible inputs and participation in global value chains (GVCs) to the productivity performance of an EU-28 country sample over the time frame 2000-2014. Utilizing new data from the GLOBALINTO Input-Output Intangibles database, this paper finds a positive relationship between a country's intangible inputs and its productivity performance once the interaction between intangible inputs and the participation in Global Value Chains is taken into account. This effect is stronger in the subset of 19 euro area countries. The results clarify that national and European policymakers should ensure the mechanisms, the tools and the legislative framework that will support sufficient production and development of intangible inputs by investing in public intangibles, such as the quantity and quality of a highly-skilled labour force and well-functioning formal and informal institutions that could lead to the further growth of intangibles. Furthermore, the need for a unified EU intangibles policy framework arises, in which common guidelines align national agendas in order to address the relevant gaps in intangibles industrial policy.

Keywords: Intangibles; Global Value Chain; Productivity Performance; European Union; Euro Area (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-eec, nep-int and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/213368/1/1688947418.pdf (application/pdf)

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: https://EconPapers.repec.org/RePEc:zbw:uhhhdp:5

Access Statistics for this paper

More papers in Hamburg Discussion Papers in International Economics from University of Hamburg, Chair of International Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2020-04-28
Handle: RePEc:zbw:uhhhdp:5