Intangible Capital and Growth
Felix Roth
Gebundenes Buch

Intangible Capital and Growth

Essays on Labor Productivity, Monetary Economics, and Political Economy, Vol. 1

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For several decades now, advanced economies across the globe have been undergoing a process of rapid transformation towards becoming knowledge economies. It is now widely recognized that intangible capital has been a crucial element in the growth performance of these economies and their firms. The term serves as a useful device for capturing those dimensions of capital that are not tangible in nature but are nevertheless fundamentally important for growth. It encompasses investments in education (human capital) and in informal (social capital) and formal (rule of law) institutions by the publi...