We use a panel of European rms to investigate the relationship between intangible assets and productivity. We disentangle between tfp and technology adoption, while available studies so far have considered only a notion of productivity con ating the two eects. To this aim, we estimate production function parameters allowing, within each sector, for the existence of multiple technologies. We nd that intangible assets both push the rm towards better technologies (technology adoption eects) and allow for a more ecient exploitation of a given technology (tfp eects).
Unbundling technology adoption and tfp at the firm level. Do intangibles matter?
BELLOC, FILIPPO;DEL GATTO, Massimo
2012-01-01
Abstract
We use a panel of European rms to investigate the relationship between intangible assets and productivity. We disentangle between tfp and technology adoption, while available studies so far have considered only a notion of productivity con ating the two eects. To this aim, we estimate production function parameters allowing, within each sector, for the existence of multiple technologies. We nd that intangible assets both push the rm towards better technologies (technology adoption eects) and allow for a more ecient exploitation of a given technology (tfp eects).File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
