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Intangible capital and business productivity

Bibliographic Data

ID15068290
AuthorsPaz Rico Belda (0000-0002-5634-6022, Department Economic Analysis, University of ValSencia, Valencia, Spain, corresponding author), Bernardi Cabrer-Borrás (Department Economic Analysis, University of ValSencia, Valencia, Spain), Bernardí Cabrer‐Borrás (0000-0002-8180-4128)
Year2020
Volume33
Issue1
Pages3034-3048
Publication date2020-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2019.1699139
OpenAlexW2996129441
LanguageEN
Citations received5
References cited43

The importance of intangible capital as a driver of productivity growth is recognised at both macroeconomic and microeconomic levels. However, in general, there is a lack of strong empirical evidence in the relevant literature on the connection between micro and macro approaches. This study integrates both perspectives to analyse how internal and external intangible capital influence the productivity of companies and, therefore, economic growth. A model is estimated in which the total factor productivity of companies is explained through their internal and external intangible capital. To this end, regional characteristics are considered in terms of technological endowment, human capital, and entrepreneurial capital. In addition, other agglomeration economies such as regional specialisation and regional productive diversity are also considered. In the empirical application, a panel of companies from the seventeen Spanish regions over the period 2006–2015 is used. The findings suggest that there is a positive effect of intangible capital on companies’ productivity and evidence of a spillover effect as a result of local intensities of intangibles

Business · Economic geography · Economic growth · Economics · Economies of agglomeration · Empirical evidence · Endowment · Human capital · Industrial organization · Macroeconomics · Market economy · Physical capital · Productivity · Total factor productivity · Economic Growth and Productivity · Firm Innovation and Growth · Intellectual Capital and Performance Analysis

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Unique citing works5
Citations per year1
Citation span2021 - 2024 (4)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 5

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