This paper tests whether intangible capital is a substitute or, to some degree, a complement to standard inputs in the production process. The analysis is conducted for public sectors in which governmental institutions are directly responsible for both, efficiently producing public goods as well as for the investment in new production factors. Knowing the substitutability of inputs is important for ...
Revenue cap regulation is often combined with systematic benchmarking to reveal the managerial inefficiencies when regulating natural monopolies. One example is the European energy sector, where benchmarking methods are based on actual cost data, which are influenced by managerial inefficiency as well as operational heterogeneity. This paper demonstrates how a conditional nonparametric method, which ...
Organizational capital (OC) is important for economic performance. To determine the impact on the economic development, it is necessary to measure investment in OC just as well as depreciation of OC. Here we take closer look on the team value as part of the intangibles in the field of organisation capital.
Our study provides evidence for firms' evaluation of location quality. We use a 2004 survey of 6,000 East German firms that contained questions on the importance and assessment of 15 different location factors ranging from closeness to customers and suppliers, transport infrastructure, and proximity to research institutions and universities, as well as questions about the local financial institutions ...
This paper sets out a framework for the analysis of public investments, tangible and intangible, at the level of detail needed for the economic analysis of impacts of public policies influencing economic growth. To do this, we broaden the concept of capital in the public sector from that which is mostly tangible (e.g. physical infrastructure) to that which also includes intangibles and long-lasting ...
In this paper we reflect on the debate that took place during the OECD’s “Capacity building workshop on ex-post evaluation of competition authorities’ enforcement decisions.” The purpose is to elaborate on the general discussion that emerged during the workshop, to highlight our opinions on the various topics touched upon, as well as to provide a synthesis of the different views expressed by the delegates. ...
This work proposes a task-based methodology for the measurement of employment and investment in organisational capital (OC) in 20 OECD countries. It builds on the methodology of Squicciarini and Le Mouel (2012) and uses information from the OECD Programme for the International Assessment of Adult Competencies (PIAAC). OC is defined as firm-specific organisational knowledge resulting from the performance ...
