The efficiency of the German economy is powered by its knowledge-intensive industrial and services sectors. Yet the use of knowledge capital to drive innovation and productivity in Germany is rather low compared to other European countries and the ..
This paper presents evidence about how research and development (R&D) expenditures affect corporate cash holdings in European country groups that differ in their innovation capacity. In theory, one can expect intangible investments such as R&D to ...
First study using official company records — more knowledge-based capital increases productivity — some sectors are already investing more in knowledge-based capital than in machines and buildings — economic policy must take a ...Un