COINVEST: Competitiveness, Innovation and Intangible Investment in Europe

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COINVESTCompetitiveness, Innovation and
Intangible Investment in Europe

• Annarosa Pesole, Queen Mary University London
• Co-ordinator Jonathan Haskel, Imperial College
  London
• Project funded by the European Commission under
  the 7th Framework Programme for Research and
  Technological Development, Theme 9
• Socio-economic Sciences and Humanities.
  Grant no. 217512
• www.coinvest.org.uk

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Innovation Economy and Policy Interest

• Innovation economy and productivity growth
• Activity and Impact on productivity might be
  hidden by data problems

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Purpose of the project

• Extend and improve the measurement of intangible
  investment (Hidden Activities)
• Examine the effects on the economy (Hidden
  Impact)
• Study intangibles investment at firm level

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Plan of Work - macro side

• Activity
• - gradual incorporation of software as
  investment (2007) and RD (2012)
• OECD work
• - inclusion of a broader category of
  intangibles
• Impact
• - Recalculate investment and GDP.
• - Revisit productivity performance and source
  of growth

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Plan of work micro side

• Improve the micro-data available on innovation
  using different firm level information (CIS,
  company accounts, etc)
• Develop better estimates of
• Prices
• Depreciation
• Spending/investment

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Sample UK results for 2004
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Intang investment by type ( total)
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Countries
Countries UK, Belgium, Portugal, Sweden,
Bulgaria, Germany, France Start date April 1st
2008, 2 year project Contacts,
j.haskel_at_imperial.ac.uk , a.pesole_at_qmul.ac.uk
coinvest_at_qmul.ac.uk