IDEAS home Printed from https://ideas.repec.org/a/bla/growch/v55y2024i4ne12738.html
   My bibliography  Save this article

Intangible Capital as a Driver of Labor Productivity in Regions and Industries: Evidence of the Spanish Case

Author

Listed:
  • Mercedes Gumbau‐Albert

Abstract

In the last decade, many studies discussed the impact of intangible investment on firms' performance. However, comparing the effect of different types of intangible investments at regional and sectoral level is not well explored. The paper aims to fill this gap by assessing the impact of several intangible capital on labor productivity using for the first‐time updated data for the period 2000–2019. Adopting panel data techniques and system GMM, the results show that regions with higher endowments of intangible capital get higher levels of labor productivity. The study results also highlight the importance of differentiating between different sectors and types of intangible capital as they have different impact on productivity labor. In the primary sector only investments in R&D result in additional productivity gains. In the manufacturing industry, investments in R&D and software result in additional productivity gains while the service sector also increases labor productivity through other intangibles assets with innovative property such as mineral exploration, entertainment, and artistic originals.

Suggested Citation

  • Mercedes Gumbau‐Albert, 2024. "Intangible Capital as a Driver of Labor Productivity in Regions and Industries: Evidence of the Spanish Case," Growth and Change, Wiley Blackwell, vol. 55(4), December.
    • Handle: RePEc:bla:growch:v:55:y:2024:i:4:n:e12738
    DOI: 10.1111/grow.12738
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/grow.12738
    Download Restriction: no
    File URL: https://libkey.io/10.1111/grow.12738?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:growch:v:55:y:2024:i:4:n:e12738. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0017-4815 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.