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Intangible assets, the digitalization of production and the development - energy nexus

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  • Knauss, Steven

Abstract

Initially based in the ICT sector, technologies based on intangible assets have since generalized throughout the economy and are playing a central role in the digitalization of manufacturing. As global value chains (GVCs) potentially bring such changes to developing countries, hopes are raised for “sustainable industrialization,” where the greater scalability, spillovers and synergies engendered by intangible assets could favor more rapid economic upgrading while at the same time unleashing significant gains in energy efficiency. To better assess the plausibility of such projections, this paper conducts a cross-country panel study of GVCs in 30 sectors and 67 countries between 1995 and 2018. The link is explored between the intangible asset intensity of GVCs and each of the two pillars of sustainable industrialization: energy efficiency and developing country upgrading. The results find little evidence for the optimistic view, suggesting that intangible spillovers in GVCs may be limited by winner take most dynamics and tendencies toward intellectual property monopolies. The path toward sustainable structural transformation in developing economies is therefore likely to require more active forms of industrial policy and a financial architecture that favors them.

Suggested Citation

  • Knauss, Steven, 2023. "Intangible assets, the digitalization of production and the development - energy nexus," Ecological Economic Papers 45/2023, WU Vienna University of Economics and Business.
    • Handle: RePEc:wiw:wus045:36836831
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    File URL: https://research.wu.ac.at/en/publications/e97dc945-424d-4753-adb4-0b1d7cfb75b8
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    References listed on IDEAS

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    1. Ali Alsamawi & Charles Cadestin & Alexander Jaax & Joaquim Guilhoto & Sébastien Miroudot & Carmen Zürcher, 2020. "Returns to intangible capital in global value chains: New evidence on trends and policy determinants," OECD Trade Policy Papers 240, OECD Publishing.
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    More about this item

    Keywords

    global value chains; development; intangible assets; energy efficiency;
    All these keywords.

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