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oapen-20.500.12657-542232023-01-31T18:36:34Z EIB Working Paper 2021/12 European Investment Bank Thum-Thysen, Anna Voigt, Peter Weiss, Christoph Business & Economics Free Enterprise & Capitalism bic Book Industry Communication::K Economics, finance, business & management::KC Economics Using macro and firm-level data, this paper investigates the complementarities between investment in different types of tangible assets such as machinery and buildings, and intangible assets such as software, training of employees, and business process improvements. It finds that investment in different assets types tends to be complementary, improving firm performance. Policy measures should address investment bottlenecks arising from market imperfections, while leaving it to the firm to find the most appropriate mix of assets. 2022-04-27T05:34:03Z 2022-04-27T05:34:03Z 2021 book 9789286151514 https://library.oapen.org/handle/20.500.12657/54223 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International QHBK21012ENN.en.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/573265 https://doi.org/10.2867/573265 66479d04-7b84-49c0-9a4d-db552a3ecc71 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9789286151514 Knowledge Unlatched (KU) European Investment Bank Knowledge Unlatched open access
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Using macro and firm-level data, this paper investigates the complementarities between investment in different types of tangible assets such as machinery and buildings, and intangible assets such as software, training of employees, and business process improvements. It finds that investment in different assets types tends to be complementary, improving firm performance. Policy measures should address investment bottlenecks arising from market imperfections, while leaving it to the firm to find the most appropriate mix of assets.
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