Template-Type: ReDIF-Article 1.0

Author-Name: Magdolna Csath
Author-Workplace-Name: Pazmany Peter Catholic University
Author-Email: csath.magdolna@ppke.hu
Author-Person: 

Title: The Role of Intangible Capital Investment and Intangible Assets in Improving Competitiveness

Abstract: Based on international literature and data, this essay examines the conditions for
improving competitiveness in Hungary in relation to intangible assets and capital
investment. The link between productivity - as the basis for competitiveness - and
intangible capital investment is also discussed. The essay argues that, although
there is no consensus on the interpretation of the concepts examined and further
analysis and modelling are needed, the relationships presented suggest that higher
levels of intangible asset and capital investment would contribute to improving
the productivity and competitiveness of the Hungarian economy. First, because
this would improve the overall operational efficiency of tangible investments, and
second, because it would support the transition to a knowledge economy, the key
condition for boosting competitiveness.

Classification-JEL: E22, F63, I25, J24, O34
Keywords: intangible capital investment, intangible asset, intellectual capital, competitiveness, productivity
Pages: 124-142
Volume: 22
Issue: 2
Year: 2023
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-22-2-e1-csath.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:22:y:2023:i:2:p:124-142