EIB Working Paper 2021/12 Complementarities in capital formation and production

By:

European Investment Bank [auth]

Contributor(s):

Material type: Article

ArticleLanguage: English Publication details: European Investment Bank 2021ISBN:

9789286151514

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Online resources:

Summary: Using macro and firm-level data, this paper investigates the complementarities between investment in different types of tangible assets such as machinery and buildings, and intangible assets such as software, training of employees, and business process improvements. It finds that investment in different assets types tends to be complementary, improving firm performance. Policy measures should address investment bottlenecks arising from market imperfections, while leaving it to the firm to find the most appropriate mix of assets.

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Item type	Current library	Collection	Shelving location	Call number	Status	Notes	Date due	Barcode
Electronic edition	Bucheon University Library	Finance / Economics	OAPEN	336 T44	Not for loan	Смотреть (pdf)		1010444

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Using macro and firm-level data, this paper investigates the complementarities between investment in different types of tangible assets such as machinery and buildings, and intangible assets such as software, training of employees, and business process improvements. It finds that investment in different assets types tends to be complementary, improving firm performance. Policy measures should address investment bottlenecks arising from market imperfections, while leaving it to the firm to find the most appropriate mix of assets.

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