| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14108 |
| 来源ID | Working Paper 14108 |
| Intangible Capital and Productivity: An Exploration on a Panel of Italian Manufacturing Firms | |
| Maria Elena Bontempi; Jacques Mairesse | |
| 发表日期 | 2008-06-20 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large panel of Italian Manufacturing firms. In the analysis, we decompose total intangibles in two different ways: in intangibles expensed in firms' current accounts (as usually considered in empirical studies) versus intangible capitalized in firms' balance sheets (usually not considered); and in "intellectual capital" (i.e. R&D expenditures, and patenting and related costs) versus "customer capital" (i.e., advertising expenditure, and trademarks and related costs). We systematically assess the robustness of our results by using different specifications of the production functions implying different elasticities of substitution between tangible and intangible capital, and comparing different panel data estimates. Our results underscore that firms' accounting information on intangible investments is genuinely informative, showing that intangible capital and its different components are at least as productive as tangible capital. |
| 主题 | Econometrics ; Estimation Methods ; Microeconomics ; Households and Firms |
| URL | https://www.nber.org/papers/w14108 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571784 |
| 推荐引用方式 GB/T 7714 | Maria Elena Bontempi,Jacques Mairesse. Intangible Capital and Productivity: An Exploration on a Panel of Italian Manufacturing Firms. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14108.pdf（348KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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