Intangible Capital and Growth : : Essays on Labor Productivity, Monetary Economics, and Political Economy, Vol. 1.

• Superior document: Contributions to Economics Series
• Author: Roth, Felix.
• Place / Publishing House: Cham : : Springer International Publishing AG,, 2022.; ©2022.
• Year of Publication: 2022
• Edition: 1st ed.
• Language: English
• Series: Contributions to Economics Series
• Physical Description: 1 online resource (195 pages)

Table of Contents

Intangible Capital and Growth -- Preface -- About the Author -- Contents -- Chapter 1: The Productivity Puzzle: A Critical Assessment and an Outlook on the COVID-19 Crisis -- 1 Introduction -- 2 Determinants of Labor Productivity Growth -- 3 Labor Productivity Growth, 1950-2006 -- 4 The Productivity Puzzle, 2007-2015 -- 5 Intangible Capital and the Productivity Puzzle -- 6 An Outlook on the COVID-19 Crisis and Labor Productivity Growth -- 7 Conclusion -- References -- Chapter 2: Revisiting Intangible Capital and Labor Productivity Growth, 2000-2015: Accounting for the Crisis and Economic Reco... -- 1 Introduction -- 2 Theoretical Linkages between Intangible Capital and Labor Productivity Growth -- 3 Estimates on Intangible Capital -- 4 Previous Empirical Results -- 5 Model Specification, Research Design and Data -- 5.1 Model Specification -- 5.2 Research Design -- 5.3 Data Sources -- 5.4 A Note on the Construction of Intangible Capital Stocks -- 5.5 A Note on the Construction of Intangible and Tangible Capital Services -- 6 Descriptive Analysis -- 7 Econometric Estimation -- 8 Conclusions -- Appendix 1 Construction of Intangible and Tangible Capital Services Growth -- Appendix 2 Descriptive Statistics -- Appendix 3 A Comparison of INNODRIVE and INTAN-Invest datasets -- References -- Chapter 3: The Rule of Law and Labor Productivity Growth by Businesses: Evidence for the EU, 1998-2005 -- 1 Introduction -- 2 The Rule of Law and Labor Productivity Growth by Businesses: Theoretical Links in an EU Context -- 2.1 Direct Influence of the Rule of Law on Labor Productivity Growth by Businesses -- 2.2 Indirect Influence of the Rule of Law on Labor Productivity Growth by Businesses -- 3 Model Specifications, Research Design, Operationalization, and Data -- 3.1 Model Specifications.

3.1.1 A Model for the Direct Contribution of the Rule of Law to Labor Productivity Growth -- 3.1.2 The Indirect Contribution of the Rule of Law to Labor Productivity Growth -- 3.2 Research Design -- 3.3 Operationalization and Measurement of the Data -- 4 Empirical Description of the Rule of Law within the EU -- 5 Econometric Results -- 5.1 Econometric Results between the Rule of Law and Labor Productivity Growth -- 5.2 Determinants of Intangible and Tangible Business Capital Investment -- 6 Empirical Conclusion, Discussion, and Policy Conclusion -- 6.1 Empirical Conclusion -- 6.2 Discussion of the Results Considering the Underlying Theoretical Literature -- 6.3 Policy Conclusions -- Appendices -- Appendix 1 Operationalization of the Rule of Law -- Appendix 2 An External Instrument for Measuring the Rule of Law in the Context of Development Economics -- Appendix 3 Selected Statistics -- References -- Chapter 4: Organizational Trust, Fear of Job Loss, and TFP Growth: A Sectoral Analysis for the EU -- 1 Introduction -- 2 Theoretical Links -- 2.1 Organizational Capital and Economic Performance -- 2.2 Organizational Trust and Economic Performance -- 2.3 Fear of Job Loss and Economic Performance -- 3 Model Specification, Research Design, and Data -- 3.1 Model Specification -- 3.2 Research Design -- 3.3 Data -- 4 Descriptive Statistics -- 5 Econometric Analysis -- 5.1 Sensitivity of Results -- 5.2 How Do these Results Fit in with Other Existing Empirical Results? -- 5.3 Objective Forces Driving Job Insecurity at the Individual Level -- 6 Conclusion -- Appendix -- References -- Chapter 5: Intangible Capital and Labor Productivity Growth: Panel Evidence for the EU from 1998-2005 -- 1 Introduction -- 2 Theoretical Links between Business Intangible Capital and Labor Productivity Growth.

2.1 Theoretical Relationship between Intangible Capital and Labor Productivity Growth -- 2.2 The Treatment of Intangible Expenditures -- 3 Estimates of Intangible Capital Investment -- 4 Previous Empirical Results -- 5 Model Specification, Research Design, and Data -- 5.1 Model Specification -- 5.2 Research Design -- 5.3 Data -- 5.4 A Note on the Construction of Intangible Capital Stocks -- 5.5 A Note on the Construction of Intangible and Tangible Capital Services -- 6 Descriptive Analysis -- 7 Econometric Analysis -- 7.1 Sensitivity Analysis -- 8 Conclusion -- Appendices -- Appendix 1 Descriptive Statistics -- Appendix 2 Construction of Intangible and Tangible Capital Services -- References -- Chapter 6: Measuring Innovation: Intangible Capital Investment in the EU -- 1 Innovation and EU 2020: Is R&amp -- D the Sole Factor for Measuring Innovativeness? -- 2 How Does R&amp -- D Investment by Businesses Compare to Investment in Intangibles in the EU? -- 3 Comparison between Tangible and Intangible Capital Investment in the EU -- 4 Conclusion -- References -- Chapter 7: Does Too Much Trust Hamper Economic Growth? -- Introduction -- 1 Theoretical Links Between Social Capital, Trust, and Economic Growth -- 1.1 Social Capital and Trust -- 1.2 Relationship Between Social Capital, Trust, and Economic Growth -- 2 Previous Findings -- 3 Data and Measurement -- 3.1 Operationalization -- 3.2 Model Specification -- 3.3 Measurement of Data -- 4 Descriptive Statistics -- 5 Econometric Analysis -- 5.1 Cross-Sectional Analysis -- 5.2 Pooled Panel Analysis -- 5.3 Panel Analysis -- 5.3.1 Sensitivity Analysis -- 6 Conclusion -- Appendix -- References -- Chapter 8: Social Capital, Trust, and Economic Growth -- 1 Introduction -- 2 Extension of the Neoclassical Model Assumption -- 3 Criticism of the Concept of Social Capital or Why Is There Capital in Social Capital?.

4 The State of the Art and Definition of Social Capital -- 4.1 Colemanś Definition of Social Capital -- 4.2 Putnamś Definition of Social Capital -- 5 Interpersonal Trust -- 6 Positive Correlation between Social Capital, Trust, and Growth -- 7 Negative Relationship Between Social Capital, Trust, and Growth -- 7.1 Mancur Olson -- 7.2 Mistrust, Fear, and Economic Growth -- 8 Operationalization of Social Capital -- 9 Social Capital, Trust, and Economic Growth: Empirical Findings -- 10 Concluding Remarks -- References.