Search results for "intangible capital"
showing 7 items of 7 documents
RENT CREATION AND RENT SHARING: NEW MEASURES AND IMPACTS ON TOTAL FACTOR PRODUCTIVITY
2019
International audience; This analysis proposes new measures of rent creation and rent sharing and assesses their impact on productivity on cross-country-industry panel data. We find first that: (1) anticompetitive product market regulations positively affect rent creation and (2) employment protection legislation boosts hourly wages, particularly for low-skill workers. However, we find no significant impact of this employment legislation on rent sharing, as the hourly wage increases are offset by a negative impact on hours worked. Second, using regulation indicators as instruments, we find that rent creation and rent sharing both have a substantial negative impact on total factor productivi…
The emergence of intangible capital : human, social, and intellectual capital in nineteenth century British, French, and German economic thought
2016
Since the late 1950s the concept of human capital, understood as the stock of knowledge, skills, and abilities that determine individual productivity, has become one of the central tools with which economists explain both individual success and economic growth. During the latter half of the 20th century complementing concepts such as social capital, meaning the value of social networks and norms of reciprocity, and intangible capital, meaning the investments in knowledge and innovation generation, have emerged. The term intellectual capital is sometimes used as a major concept to bind different forms of intangible capital. This study focuses on the conceptual equivalents of these ideas in 1…
Sell in good company : social capital as a strategic tool in the fine art auction business
2013
Literacy Skills as Local Intangible Capital : The History of a Rural Lending Library c. 1860–1920
2016
Regional headquarters and foreign direct investment
2022
Headquarters (HQs) provide a wide range of services, playing a fundamental role in Foreign Direct Investment (FDI). We use the structural gravity equation to investigate the effect of regional HQs on three dimensions of FDI (number of foreign projects, capital investment, and jobs) at the country-pair-sector level. Furthermore, we explore two underlying mechanisms that help explain this relationship: financial constraints and informational costs and uncertainty. We find a positive effect of regional HQs on FDI, as well as intercountry and intersector spillovers. Our results are robust, accounting for HQ intensity, domestic investment, and endogeneity tests.