Industry level growth and productivity data with special focus on intangible assets

Client/Funding Institution

European Commission, DG Economic and Financial Affairs

Abstract

The aim of this project is to provide DG ECFIN with a comprehensive set of reliable data for productivity measures and growth accounting. The work will in various aspects go beyond the officially available data, notably regarding the length of time series, the consistent application of industry and asset breakdowns, the quality adjustment of labour input measures and the respective attribution of wage shares, estimations of investments, consumption of fixed capital and capital stock. The strong need for such a database has long been recognised and underlies the development of the EU KLEMS project, which was successfully concluded in 2009 as an FP6-funded research project. Wihin this sercice contract, wiiw will update the existing EU KLEMS database, extend it by an additional set of information on intangible assets, explore ways to integrate these measures into the growth accounting framework and provide results of such an exercise, distinguishing a statistical from an analytical module. Moreover, wiiw provide an analytical paper identifying the most important recent trends of the productivity dynamics in Europe and it’s determinants, with a particular focus on the role of intangible assets.

Duration

July 2018 - July 2019

Website

http://www.euklems.net

wiiw team Leader

Robert Stehrer

wiiw Staff

Alexandra Bykova, Ronald Hartwig, Monika Schwarzhappel, David Zenz

Countries covered: The World

Research Areas: International Trade, Competitiveness and FDI


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