INNODRIVE - Intangible Capital and Innovations: Drivers of Growth and Location in EU
The importance of intellectual assets in generating innovation, and thus in p romoting economic growth and competitiveness in the EU, is widely recognised. As evidence to this is the significance attached to R&D and innovation in the Lisbon Process. Yet, given its tacit nature, our knowledge of the contribution of intangible capital (a significant component of intellectual assets) to economic performance is far from comprehensive.
The aim of this research project is to reduce our ignorance by providing new data on intangible capital and new evidence on the contributions of intangible capital to economic growth. This study will improve measurement of the capital embodied in intellectual assets (e.g. human capital, R&D, patents, software and organisational structures) and will uncover the growth potential associated with intangible capital accumulation in manufacturing, service industries and the rest of the economy.
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