Intangible Capital and Innovations: Drivers of Growth and Location in the EU (INNODRIVE)

 The aim of this research project was to improve our understanding by providing new data on intangible capital and new evidence on the contributions of intangible capital to economic growth. This study aimed to improve measurement of the capital embodied in intellectual assets (e.g. human capital, R&D, patents, software and organisational structures) and to uncover the growth potential associated with intangible capital accumulation in manufacturing, service industries and the rest of the economy.

At the micro-level INNODRIVE will improve insight into the contributions of intangibles to the growth of firms by exploiting recently established linked employer-employee datasets in a selection of old and new member states, and by implementing a performance-based methodology to analyse how firms use knowledge and human capital to increase their productivity and how mobile workers react to these processes.

At the macro-level INNODRIVE will provide new estimates of intangible capital at the national level and an evaluation of the contribution of intangible capital to the growth process in old and new member states (and the United States for the purposes of comparison)

Project date: 
March 2008 - February 2011
Funded by: 
European Commission, DG Research, Seventh Framework Programme
Website: 
www.innodrive.org