Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/298791 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
Hamburg Discussion Papers in International Economics No. 16
Verlag: 
University of Hamburg, Department of Economics, Senior Lecturer in International Economics, Hamburg
Zusammenfassung: 
This paper presents a puzzling finding: although France invests twice as much in intangible capital vis-à-vis Germany, both countries have similar LPG rates over the studied period from 1995 until 2020. We find that this difference in investments is driven by France's four- and two-and-a-half-fold investments in software and organizational capital. Our paper offers three perspectives to clarify the puzzle. First, higher investments in intangible capital in France might suggest a better readiness of the country towards the next generation of investment. However, France's investments in intangibles appear to be less efficient compared to those of Germany. Third, measurement problems in the software and organizational capital investment series are also to be considered to understand this major puzzle.
Schlagwörter: 
Intangible capital
Labour Productivity
Germany
France
EU
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.91 MB





Publikationen in EconStor sind urheberrechtlich geschützt.