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This research aims to compare intangible capital accumulation and its impact on labor productivity growth in France and Germany.

Is the EU ready for the next generation of investment? A cross-country sectoral growth accounting analysis of intangible capital in France and Germany

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This research aims to compare intangible capital accumulation and its impact on labor productivity growth in France and Germany.
Conducted a cross-country sectoral growth accounting analysis based on capital services growth rates.
Examined investment levels in intangible assets, specifically software and organizational capital.
Intangible capital contributed more to labor productivity growth in Germany than in France.
Germany showed higher efficiency in intangible capital utilization despite lower investment levels.
Identified measurement inconsistencies that may affect policy comparisons between the two countries.

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Cross-country analysis reveals significant differences in intangible capital investment impacting productivity growth.

Nonnis et al. (2026) studied this question.

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