Bournakis, I.; Vecchi, M.

Tangible and intangible capital and the pattern of specialization in the EU

Article

Bournakis, I. and Vecchi, M. 2010. Tangible and intangible capital and the pattern of specialization in the EU. Review of Economics and Institutions. 1 (2). https://doi.org/10.5202/rei.v1i2.3

Publication dates
Type	Article
Title	Tangible and intangible capital and the pattern of specialization in the EU
Authors	Bournakis, I. and Vecchi, M.
Abstract	This paper investigates the determinants of specialisation in 7 European countries and 4 major industrial sectors in the last 20 years. Next to the impact of traditional factors such as productivity and the endowment of labour and capital, we look at the importance of accounting for capital heterogeneity, by distinguishing between ICT and non-ICT assets, and for intangible capital such as skills and R&D. Our results show that intangible capital and innovation play an important part in increasing the value added shares of the Manufacturing sector while increasing investments in ICT has driven resources away from Manufacturing and towards the Service industry.
Publisher	University of Perugia
Journal	Review of Economics and Institutions
ISSN	2038-1379
Print	Sep 2010
Publication process dates
Deposited	23 May 2011
Output status	Published
Publisher's version	Bournakis&VecchiREI.pdf
Digital Object Identifier (DOI)	https://doi.org/10.5202/rei.v1i2.3
Language	English

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