The importance of intangible capital for the transmission of financial shocks
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DOI: 10.1016/j.red.2018.04.004
Abstract: This paper studies the role of intangible capital in the transmission of financial shocks in a general equilibrium model with two types of capital, tangible and intangible, and labor and financial frictions. We find that… read more here.
Keywords: capital; financial shocks; capital transmission; transmission financial ... See more keywords
Intangible capital, ICT and sector growth in China
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DOI: 10.1016/j.telpol.2019.101854
Abstract: Abstract This paper explores how intangible capital affects the growth of ICT-intensive sectors in China by examining 29 sectors in 30 regions for the years 2003–2015. It is shown that the value added in ICT-intensive… read more here.
Keywords: capital ict; intangible capital; capital; sector growth ... See more keywords
Technological Innovation, Intangible Capital, and Asset Prices
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DOI: 10.1146/annurev-financial-110118-123049
Abstract: We review research on the asset pricing implications of models with innovation and intangible capital. In these models, technological innovation shocks propagate differently than standard total fac... read more here.
Keywords: innovation intangible; asset; innovation; intangible capital ... See more keywords