INTANGIBLE CAPITAL AND LABOUR PRODUCTIVITY GROWTH
Labour productivity growth is one of the main contributors to an economy's competitiveness and rising prosperity. The following publications focus on the impact of intangible capital investment on labour productivity growth.
Ongoing Research Projects: GLOBALINTO
GLOBALINTO will provide new measures of intangible assets at the firm level, filling an important gap in measurement which has restricted statistical production, micro-based analysis and evidence-based policymaking. GLOBALINTO will analyse the various potential explanations of the productivity puzzle, both at micro and macro levels. PD Dr. Roth leads Macro Work Package 6 (WP6) and with his team, he is involved in the realization of the work results D6.1, D6.2, D6.6, and D6.7. Furthermore, they are also working on D2.1, D5.11 and D7.4.
The main objective of WP6 is to use EU wide industry-level data to explore the relationship between intangible inputs & productivity and innovativeness performance. In D6.1, the relationship between intangible and labor productivity growth will be investigated using the newly created D6.2 database. D6.2 decodes the value chains of innovations using the ‘World Input-Output Database’ (WIOD) from Eurostat and the input-output data from Eurostat. Furthermore, the data on intangible assets in Europe will be formulated in web form. D6.6 analyses the productivity of economic sectors in all EU countries and develops policy plans on how financial support and other incentives such as tax breaks or exemptions can be linked to financing bottlenecks. D6.7 develops empirical results from the analysis of novel data and existing intangible assets (Horizon2020, SPINTAN data, INTAN-Invest Research Collaboration).
In work D2.1, PD Dr. Roth develops key concepts for intangible assets and measurements of company productivity based on Work Package 1. D2.1 deals with different approaches to conceptualization and measurement taking into account the differences in the data infrastructure in the EU countries. In addition, D5.11 contains a scientific article on the relationship between intangible capital investment and labor productivity growth in Germany between 2007 and 2017. D7.4 analyses the role of supply-side and demand-side policies in fostering productivity growth and the relationship between the rule of law and corporate intangible investment. This assessment will form the basis for identifying the need for policy action.
Project Management: PD Dr. Felix Roth
Project Duration: 1 February 2019 to 31 January 2022
Total Funding: 2,972,811 €
Funding amount University of Hamburg: 404,436 €
Funders: European Commission, Horizon 2020, Research and Innovation Action
Social Media: https://twitter.com/globalinto
Homepage at the University of Hamburg
1. Roth, F. (2022). Intangible Capital and Growth - Essays on Labor Productivity, Monetary Economics and the Political Economy, Vol. 1. New York: Springer.
2. Roth, F. (2022). The Rule of Law and Labour Productivity Growth by Businesses – Evidence for the EU, 1998-2005. In: Roth, F. Intangible Capital and Growth, New York: Springer
3. Roth, F. (2022). Organizational Trust, Fear of Job Loss and TFP Growth - A Sectoral Analysis for the EU. In: Roth, F. Intangible Capital and Growth, New York: Springer.
4. Roth, F. (2022). Social Capital, Trust and Economic Growth. In: Roth, F. Intangible Capital and Growth, New York: Springer
5. Roth, F. and A. Sen (2021). Intangible Capital and Productivity Growth: Revisiting the Evidence, Hamburg Discussion Papers in International Economics No. 10, University of Hamburg, Chair for International Economics, Hamburg.
6. Roth, F. (2021c). The Productivity Puzzle – A Critical Assessment and an Outlook on the COVID-19 Crisis. Hamburg Discussion Papers in International Economics No. 8, University of Hamburg, Chair for International Economics, Hamburg.
7. Roth, F. and A. Sen (2021). Intangible Capital and Labour Productivity Growth at the Sectoral Level, EU Evidence from 1995-2017, Deliverable 6.6 of the GLOBALINTO Project, Hamburg Discussion Papers in International Economics No. 9, University of Hamburg, Chair for International Economics, Hamburg, forthcoming.
8. Roth, F., Sen, A., and C. Rammer (2021). Intangible Capital and Firm-Level Productivity – Evidence from Germany, Hamburg Discussion Papers in International Economics No. 9, University of Hamburg, Chair for International Economics, Hamburg.
10. Rammer, C., Roth, F. and M. Trunschke (2020). Measuring organisation capital at the firm level: A production function approach, ZEW Discussion Papers, No. 20-021, ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung, Mannheim.
11. Roth, F. (2020). Revisiting Intangible Capital and Labour Productivity Growth, 2000-2015: Accounting for the Crisis and the Economic Recovery in the EU, Journal of Intellectual Capital, 21: 671-690.
12. Aggelos, T., Roth, F., Calio, S. Caloghirou, Y. and P. Dimas (2020). The contribution of intangible inputs and participation in global value chains to productivity performance – Evidence from the EU-28, 2000-2014, Hamburg Discussion Papers in International Economics No. 5, University of Hamburg, Chair for International Economics, Hamburg.
13. Roth, F. (2019). Intangible Capital and Labour Productivity Growth – A Review of the Literature, Hamburg Discussion Papers in International Economics No. 4, University of Hamburg, Chair for International Economics, Hamburg.
14. O’Mahony, M. and F. Roth (2016). Drivers of European economic growth - New insights, new policies. Brussels: European Commission. Prepared for the European Commission, DG Research and Innovation.
15. Roth, F. (2014). The Rule of Law and Labour Productivity Growth by Businesses – Evidence for the EU, 1998-2005. Prepared for the European Commission, DG Joint Research Centre.
16. Roth, F. (2013). Organizational Trust, Organizational Fear and TFP Growth—A Sectoral Analysis for the EU, SERVICEGAP Discussion Paper 20.
19. Jona-Lasinio, C., Iommi, M. and F. Roth (2011). National Measures of Intangible Capital in the EU-27. In: H. Piekkola (ed.). Intangible Capital—Driver of Growth in Europe, Proceedings of the University of Vaasa Reports 167. Vaasa: University of Vaasa: 20-62.
20. Saam, M., Cerquera, D., Reitze, G., Inklar, R., O’Mahony, M., Peng, F., Rammer, C., Rincon-Aznar, A., Roth, F. and M. Sarbu (2011). First version of indicators on innovation, ICT use and intangibles—Annotations, INDICSER Discussion Paper 4.
21. Saam, M., Cerquera, D., Inklar, R., Müller, B., O’Mahony, M., Rammer, C., Rincon-Aznar A., Roth, F. und A.E. Thum (2011). Review of measures and data sources on intangibles, ICT use and innovation in European service sectors, INDICSER Review Paper 1.
22. Roth, F. (2010). Measuring Innovation – Intangible Capital Investment in the EU, Intereconomics 45: 273-77
23. Jona- Lasinio, C., Iommi, M., Geppert, K., Mortensen, J., Piekkola, H., Riley, R. and F. Roth (2009). State of the art in research of the economics of intangibles, Deliverable 12, INNODRIVE project.
25. Roth, F. (2008). Sozialkapital, Vertrauen und wirtschaftliches Wachstum. In: W. Matiaske and G. Grözinger G., Sozialkapital eine (un)bequeme Kategorie, Jahrbuch Őkonomie und Gesellschaft 20. Marburg: Metropolis Verlag: 111-138.
26. Roth, F. (2007). Social Capital, Trust and Economic Growth – A Cross-sectional and Panel Analysis. Electronic PhD Thesis. Göttingen: University of Göttingen.