| By: |
Michele Battisti (University of Palermo, Italy; CeLEG LUISS Guido Carli, Italy; RCEA, Italy);
Filippo Belloc ("G.d'Annunzio" University, Italy);
Massimo Del Gatto ("G.d'Annunzio" University; CRENoS, Italy) |
| Abstract: |
We use a panel of European firms 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 effects. To this aim, we estimate production
function parameters allowing, within each sector, for the existence of
multiple technologies. We find that intangible assets both push the firm
towards better technologies (technology adoption effects) and allow for a more
efficient exploitation of a given technology (tfp effects). |
| Keywords: |
TFP, intangible assets, firm heterogeneity, firm selection, technology adoption, mixture models |
| JEL: |
C29 D24 F12 O32 |
| Date: |
2012–11 |
| URL: |
http://d.repec.org/n?u=RePEc:rim:rimwps:71_12&r=ict |