Since 2014
Tangible and Intangible Capital and the Pattern of Specialisation in the EU
Review of Economics and Institutions
View Archive Info| Field | Value | |
| Title |
Tangible and Intangible Capital and the Pattern of Specialisation in the EU
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| Creator |
Bournakis, Ioannis; Middlesex University
Vecchi, Michela; Middlesex University & National Institute of Economic and Social Research |
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| Subject |
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specialisation, value added shares, factor accumulation, tfp, ict capital, r&d, skills F11, F14, D24 |
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| Description |
This paper investigates the determinants of specialisation in 7 European countries and 4 major industrial sectors in the last 20 years. Next to the impact of traditional factors such as productivity and the endowment of labour and capital, we look at the importance of accounting for capital heterogeneity, by distinguishing between ICT and non-ICT assets, and for intangible capital such as skills and R&D. Our results show that intangible capital and innovation play an important part in increasing the value added shares of the Manufacturing sector while increasing investments in ICT have driven resources away from Manufacturing and towards the Service industry.
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| Publisher |
University of Perugia
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| Contributor |
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| Date |
2010-09-29
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.rei.unipg.it/rei/article/view/16
10.5202/rei.v1i2.16 |
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| Source |
Review of Economics and Institutions; Vol 1, No 2 (2010)
2038-1379 2038-1344 |
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| Language |
eng
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| Relation |
http://www.rei.unipg.it/rei/article/view/16/20
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| Rights |
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