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Competitiveness, Innovation and Intangible Investment in Europe

Objective

We aim to understand the contributions of intangible investments to innovation, competitiveness, growth and productivity in Europe. Such a project is, we feel, vital to help EU policy formation and deepen our understanding of some of the most crucial questions facing EU economic policy. The reason is simple. Currently, (almost all) intangible investments are either not measured, or treated as an intermediate input into production so they are assumed to produce no durable assets for firms or economies. Does this matter? In practice, most knowledge investments involve intangible spending. And, the Lisbon agenda aims to make the EU “the most competitive and dynamic knowledge-driven economy by 2010 (our italics)”. Thus we are in the difficult position of having perhaps the major EU policy aspiration backed by almost no data or measures. This project will set out a method and collect the data required. Given the issue’s importance, we believe our work will make a considerable contribution. Some knowledge investment is counted as such in the key economic measures such as GDP (e.g. software). However, R&D and other knowledge investment (like investment in human capital via training, investment in reputation capital, investment in organisational capital etc) are all treated as day-to-day expenses, not investment. Thus, under current conventions, investment and GDP in an economy whose businesses spend €1 more on almost all knowledge investment is the same as an economy whose businesses turn up their air-conditioning. Therefore, we have put together a small-scale but focused team comprising some of Europe’s (and the world’s) leading experts on these questions, spanning business, policy and measurement interests. The project will collect data on a wide range of knowledge investment, at macro and micro levels, incorporate these into macro and micro performance measures and thus greatly improve our understanding of knowledge-driven economies and firms and policy.

Field of science

  • /natural sciences/computer and information sciences/software
  • /social sciences/economics and business
  • /social sciences/economics and business/economics/production economics/productivity

Call for proposal

FP7-SSH-2007-1
See other projects for this call

Funding Scheme

CP-FP - Small or medium-scale focused research project

Coordinator

IMPERIAL COLLEGE OF SCIENCE TECHNOLOGY AND MEDICINE
Address
South Kensington Campus Exhibition Road
SW7 2AZ London
United Kingdom
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Shaun Power (Mr.)

Participants (7)

THE CONFERENCE BOARD INC
United States
EU contribution
€ 323 600
Address
Third Avenue 845
10022 New York
Activity type
Research Organisations
Administrative Contact
Bart Van Ark (Prof.)
INSTITUTO SUPERIOR TECNICO
Portugal
EU contribution
€ 90 454
Address
Avenida Rovisco Pais 1
1049-001 Lisboa
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Francisco Lima (Dr.)
Stiftelsen Institutet for Naringslivsforskning (THE RESEARCH INSTITUTE OF INDUSTRIAL ECONOMICS)
Sweden
EU contribution
€ 177 965
Address
Grevgatan 34, 2Tr
102 15 Stockholm
Activity type
Research Organisations
Administrative Contact
Henrik Jordahl (Dr.)
SDRUZJENIE KLUB IKONOMIKA 2000 (Club Economika 2000)
Bulgaria
EU contribution
€ 101 360
Address
Bul Dondukov 53
1000 Sofia
Activity type
Research Organisations
Administrative Contact
Todor Gradev (Mr.)
ZEW - LEIBNIZ-ZENTRUM FUR EUROPAISCHE WIRTSCHAFTSFORSCHUNG GMBH MANNHEIM
Germany
EU contribution
€ 208 939
Address
L 71, 1
68161 Mannheim
Activity type
Research Organisations
Administrative Contact
Shalini Saxena (Ms.)
CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE CNRS
France
EU contribution
€ 165 205
Address
Rue Michel Ange 3
75794 Paris
Activity type
Research Organisations
Administrative Contact
Nathalie Collain (Ms.)
QUEEN MARY UNIVERSITY OF LONDON
United Kingdom
EU contribution
€ 397 244
Address
327 Mile End Road
E1 4NS London
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Jonathan Haskel (Prof.)