1st Edition

Intangible Assets, Productivity and Economic Growth Micro, Meso and Macro Perspectives

    324 Pages 29 B/W Illustrations
    by Routledge

    This book advances our knowledge on intangibles and their role in productivity growth, presenting a unique multi-level perspective. It encompasses micro, meso, and macro approaches that build upon firm-, industry-, and country-level data and introduces novel layers of analysis.

    A variety of empirical instruments are used in the book, such as a large-scale international survey, input-output analysis, register data, etc., thus displaying fresh, comparative evidence for Europe, the USA, China, Korea, and Japan. The book also examines the subject within the global value chain context, which is one of the most relevant phenomena of recent decades, and assesses cross-country trends, drawing on a unique industry-level database of intangible assets, based on production input data from all over the world.

    The book offers new insights on how to measure intangibles, how they contribute to productivity growth, and how policy can help foster intangibles investments and growth. It will therefore be of great interest to scholars, researchers, and advanced students in the fields of economic growth, innovation, technology, and business management.

    1.Introduction: Setting the Stage, Linking Intangible Assets to Productivity 2. The productivity puzzle in the context of (new) growth determinants 3. Intangibles and their contribution to productivity: an overview 4. Intangible Capital and Labor Productivity Growth Revisited 5. Intangibles: A Challenge to Policy Decision Makers 6. Intangible Assets and Productivity: An Occupation-Based Approach 7. Gender and age productivity-wage gaps in innovative work 8. Intangible Assets Investments in Europe: Findings from the Globalinto Large-scale Business Survey 9. Organizational capital, allocation of intangibles, and firm performance: Evidence from the Globalinto intangible survey 10. Intangible-driven productivity growth: the role of ICT capital and effective labour 11. ICT externalities: measurement issues and their effects on output growth 12. Mapping the flow of intangibles in domestic and global value chains 13. The role of intangibles and global value chains for productivity: Evidence from the EU 14. Promoting intangible investments and productivity: The role of policy


    Carter Bloch is Professor and Center Director at the Danish Center for Studies in Research and Research Policy, Aarhus University, Denmark.

    Aimilia Protogerou is Assistant Professor of Business Strategy and Innovation Management at the National Technical University of Athens, Greece.

    Nicholas S. Vonortas is Professor of Economics and International Affairs and Associate Dean for Research, Elliott School of International Affairs, George Washington University, Washington, DC, USA.