SlideShare a Scribd company logo

Presentation of SPINTAN project

SPINTAN
SPINTAN

Presentation of SPINTAN project

1 of 16
Download to read offline
This project has received funding from the European Union’s Seventh Framework Programme for
research, technological development and demonstration under grant agreement No. 612774
PUBLIC SECTOR INTANGIBLES
(SPINTAN project)
Funded by the Seventh Framework
Programme of the European Union
Matilde Mas
University of Valencia & Ivie
The SPINTAN project (Funded by the Seventh Framework Programme of the
European Union) proposes to extend both the theoretical and the empirical
approach introduced by CHS (2005, 2009) including Public Sector intangibles
in different complementary directions.
Objectives:
1. Clarify the boundaries of the non-market economy; the concept of Public
Intangibles; their distribution by industries; and the conceptual problems
posed by the measurement of its capital services.
2. Build up a Public Sector Intangibles Database for a set (22) of EU
countries, supplemented by some big non-EU countries.
3. Analyze the impact of Public Sector intangibles on innovation,
well-being and “smart” growth.
4. Including Public Intangibles spillovers effects to the market sector
5. And analyze the consequences of austerity policies in view of the expected
recovery.
CONCEPT AND OBJECTIVES
2
CONSORTIUM MEMBERS
3
Name Short name Country
1 Instituto Valenciano de Investigaciones Económicas, S.A. Ivie Spain
2 National Institute of Economic and Social Research Lbg NIESR United Kingdom
3 LUISS Libera Universita Internaziolale Degli Studi Sociali Guido Carli LUISS Italy
4 Istituto nazionale di statistica Istat Italy
5 Imperial College of Science, Technology and Medicine IC United Kingdom
6 The Conference Board Inc TCBE United States
7 Organisation for Economic Co-operation and Development OECD France
8 Zentrum für Europäische Wirtschaftsforschung Gmbh ZEW Germany
9 Deutsches Institut für Wirtschaftsforschung E.V. DIW Germany
10 Wiener Institut für Interntionale Wirtschaftsvergleiche wiiw Austria
11 Fores (Forum för reformer och entreprenörskap) Stiftelse FORES Sweden
12 Kopint-tarki Konjunkturakutato Intezet Zrt Kopint Hungary
Associate partners
The Department of Industry of the Australian Government
The RIETI Institute and the Gakushuin University, Japan
Australia
Japan
• The estimates of Public Sector intangible investments will complement the
harmonized business intangible measures developed by INTAN-Invest
(Corrado, Haskel, Jona-Lasinio, Iommi, 2012).
• It will analyze key issues with regard to the boundaries of public intangibles
between different public and private categories, such as R&D, skill formation
and IT investment.
• It will also propose new ways to measure Public Sector intangible capital
services, and especially depreciation and the rate of return.
• The main objective of WP 1 & WP 2 is to settle on the most important
conceptual and methodological issues in measuring public intangibles, which
will lead to the construction of a database for 22 EU countries, United
States, China, India, and possibly Brazil.
BUILDING UP A PUBLIC SECTOR
INTANGIBLES DATABASE (WP 1 & WP2)
4
Provide an answer to key issues:
1. The role of Public Sector investment in general, and of Public Sector
investment in intangibles in particular, for generating long term “smart”
growth and for the competitiveness of the economies.
2. To what extent are public intangibles complementary or substitutes for
private intangibles.
3. How strong are the spillover effects from public intangibles
vis-à-vis private intangibles, creating benefits for growth beyond the
investor itself.
4. If investment in different kinds of intangibles is equally important in terms
of its impact on growth.
5. Relevance of Public Sector Intangibles in two key areas: Health and
Education (including Higher Education)
THE IMPACT OF PUBLIC SECTOR
INTANGIBLES (WP 3 & WP 4)
5
Five main research questions to be addressed:
1. Have the current crisis and the accompanying austerity measures adopted by
governments affected Public Sector investment intangibles in an even way?
2. Has intangible investment been impacted more (or less) by the crisis than
tangible investment? Have public and private intangible investments been
affected equally?
3. What has been the impact of austerity measures on growth and
competitiveness?
4. What are the expected consequences of the austerity policies on the path to
be followed in the subsequent recovery?
5. Will different segments of population be equally affected? Would they
enhance future growth and well-being?
CONSEQUENCES OF AUSTERITY
POLICIES IN VIEW OF THE EXPECTED RECOVERY
(WP 5)
6

Recommended

ICT, R&D and Non-R&D intangible capital: complementary relations and industry...
ICT, R&D and Non-R&D intangible capital: complementary relations and industry...ICT, R&D and Non-R&D intangible capital: complementary relations and industry...
ICT, R&D and Non-R&D intangible capital: complementary relations and industry...SPINTAN
 
Working Party on Industry Analysis (WPIA)
Working Party on Industry Analysis (WPIA)Working Party on Industry Analysis (WPIA)
Working Party on Industry Analysis (WPIA)SPINTAN
 
WPIA Meeting - OECD. Paris Oct2016
WPIA Meeting - OECD. Paris Oct2016WPIA Meeting - OECD. Paris Oct2016
WPIA Meeting - OECD. Paris Oct2016SPINTAN
 
Intangibles: medición y contribución al crecimiento. Seminario de inauguració...
Intangibles: medición y contribución al crecimiento. Seminario de inauguració...Intangibles: medición y contribución al crecimiento. Seminario de inauguració...
Intangibles: medición y contribución al crecimiento. Seminario de inauguració...SPINTAN
 
Intangible Assets and Spanish Economic Growth
Intangible Assets and Spanish Economic GrowthIntangible Assets and Spanish Economic Growth
Intangible Assets and Spanish Economic GrowthSPINTAN
 
Cecilia Susanna Jona-Lasinio, La misurazione dei beni intangibili oltre gli a...
Cecilia Susanna Jona-Lasinio, La misurazione dei beni intangibili oltre gli a...Cecilia Susanna Jona-Lasinio, La misurazione dei beni intangibili oltre gli a...
Cecilia Susanna Jona-Lasinio, La misurazione dei beni intangibili oltre gli a...Istituto nazionale di statistica
 
Private and Public Intangible Capital Productivity Growth and New Policy Chal...
Private and Public Intangible Capital Productivity Growth and New Policy Chal...Private and Public Intangible Capital Productivity Growth and New Policy Chal...
Private and Public Intangible Capital Productivity Growth and New Policy Chal...SPINTAN
 
Private and Public Intangible Capital: Productivity Growth and New Policy Cha...
Private and Public Intangible Capital: Productivity Growth and New Policy Cha...Private and Public Intangible Capital: Productivity Growth and New Policy Cha...
Private and Public Intangible Capital: Productivity Growth and New Policy Cha...SPINTAN
 

More Related Content

What's hot

PUBLIC CAPITAL. Measurement Issues
PUBLIC CAPITAL. Measurement IssuesPUBLIC CAPITAL. Measurement Issues
PUBLIC CAPITAL. Measurement IssuesSPINTAN
 
Sources of country-sector productivity growth: total factor productivity and ...
Sources of country-sector productivity growth: total factor productivity and ...Sources of country-sector productivity growth: total factor productivity and ...
Sources of country-sector productivity growth: total factor productivity and ...SPINTAN
 
Private and Public Intangible Capital in the US and EU Economies: Recent Tren...
Private and Public Intangible Capital in the US and EU Economies: Recent Tren...Private and Public Intangible Capital in the US and EU Economies: Recent Tren...
Private and Public Intangible Capital in the US and EU Economies: Recent Tren...SPINTAN
 
A Methodolgy for Disentangling Public Funded R&D (GBARD) by Industries
A Methodolgy for Disentangling Public Funded R&D (GBARD) by IndustriesA Methodolgy for Disentangling Public Funded R&D (GBARD) by Industries
A Methodolgy for Disentangling Public Funded R&D (GBARD) by IndustriesSPINTAN
 
Intellectual Property Policies for Innovation in Kazakhstan
Intellectual Property Policies for Innovation in KazakhstanIntellectual Property Policies for Innovation in Kazakhstan
Intellectual Property Policies for Innovation in Kazakhstaninnovationoecd
 
ICT and Intangible Capital: Complementary Relations and Industry Productivity...
ICT and Intangible Capital: Complementary Relations and Industry Productivity...ICT and Intangible Capital: Complementary Relations and Industry Productivity...
ICT and Intangible Capital: Complementary Relations and Industry Productivity...SPINTAN
 
Intangibles and Cultural and Creative Industries
Intangibles and Cultural and Creative IndustriesIntangibles and Cultural and Creative Industries
Intangibles and Cultural and Creative IndustriesIvie
 
Pro-productivity Institutions: Learning From National Experience
Pro-productivity Institutions: Learning From National ExperiencePro-productivity Institutions: Learning From National Experience
Pro-productivity Institutions: Learning From National ExperienceStructuralpolicyanalysis
 
Modeling market and nonmarket Intangible investments in a macro-econometric f...
Modeling market and nonmarket Intangible investments in a macro-econometric f...Modeling market and nonmarket Intangible investments in a macro-econometric f...
Modeling market and nonmarket Intangible investments in a macro-econometric f...SPINTAN
 
global innovation index
global innovation indexglobal innovation index
global innovation indexT Nagraj Rajak
 
Innovation policies for inclusive growth
Innovation policies for inclusive growthInnovation policies for inclusive growth
Innovation policies for inclusive growthinnovationoecd
 
Productivity Spillovers, Diffusion and Public Policies: A Portuguese Perspective
Productivity Spillovers, Diffusion and Public Policies: A Portuguese PerspectiveProductivity Spillovers, Diffusion and Public Policies: A Portuguese Perspective
Productivity Spillovers, Diffusion and Public Policies: A Portuguese PerspectiveStructuralpolicyanalysis
 
The Global Productivity Slowdown, Technology Divergence and Public Policy: A ...
The Global Productivity Slowdown, Technology Divergence and Public Policy: A ...The Global Productivity Slowdown, Technology Divergence and Public Policy: A ...
The Global Productivity Slowdown, Technology Divergence and Public Policy: A ...Structuralpolicyanalysis
 
Global Innovation Index 2021
Global Innovation Index 2021Global Innovation Index 2021
Global Innovation Index 2021Wiziin Inc.
 
An Inclusive Innovation Agenda : The State of Play - Eng
An Inclusive Innovation Agenda : The State of Play - EngAn Inclusive Innovation Agenda : The State of Play - Eng
An Inclusive Innovation Agenda : The State of Play - EngStructuralpolicyanalysis
 
Icdec2020_presentation_slides_26
Icdec2020_presentation_slides_26Icdec2020_presentation_slides_26
Icdec2020_presentation_slides_26ICDEcCnferenece
 
Scoreboard- 2015 Japan Launch
Scoreboard- 2015 Japan LaunchScoreboard- 2015 Japan Launch
Scoreboard- 2015 Japan Launchinnovationoecd
 

What's hot (20)

PUBLIC CAPITAL. Measurement Issues
PUBLIC CAPITAL. Measurement IssuesPUBLIC CAPITAL. Measurement Issues
PUBLIC CAPITAL. Measurement Issues
 
Sources of country-sector productivity growth: total factor productivity and ...
Sources of country-sector productivity growth: total factor productivity and ...Sources of country-sector productivity growth: total factor productivity and ...
Sources of country-sector productivity growth: total factor productivity and ...
 
Private and Public Intangible Capital in the US and EU Economies: Recent Tren...
Private and Public Intangible Capital in the US and EU Economies: Recent Tren...Private and Public Intangible Capital in the US and EU Economies: Recent Tren...
Private and Public Intangible Capital in the US and EU Economies: Recent Tren...
 
A Methodolgy for Disentangling Public Funded R&D (GBARD) by Industries
A Methodolgy for Disentangling Public Funded R&D (GBARD) by IndustriesA Methodolgy for Disentangling Public Funded R&D (GBARD) by Industries
A Methodolgy for Disentangling Public Funded R&D (GBARD) by Industries
 
Intellectual Property Policies for Innovation in Kazakhstan
Intellectual Property Policies for Innovation in KazakhstanIntellectual Property Policies for Innovation in Kazakhstan
Intellectual Property Policies for Innovation in Kazakhstan
 
ICT and Intangible Capital: Complementary Relations and Industry Productivity...
ICT and Intangible Capital: Complementary Relations and Industry Productivity...ICT and Intangible Capital: Complementary Relations and Industry Productivity...
ICT and Intangible Capital: Complementary Relations and Industry Productivity...
 
Intangibles and Cultural and Creative Industries
Intangibles and Cultural and Creative IndustriesIntangibles and Cultural and Creative Industries
Intangibles and Cultural and Creative Industries
 
Pro-productivity Institutions: Learning From National Experience
Pro-productivity Institutions: Learning From National ExperiencePro-productivity Institutions: Learning From National Experience
Pro-productivity Institutions: Learning From National Experience
 
Modeling market and nonmarket Intangible investments in a macro-econometric f...
Modeling market and nonmarket Intangible investments in a macro-econometric f...Modeling market and nonmarket Intangible investments in a macro-econometric f...
Modeling market and nonmarket Intangible investments in a macro-econometric f...
 
global innovation index
global innovation indexglobal innovation index
global innovation index
 
Innovation policies for inclusive growth
Innovation policies for inclusive growthInnovation policies for inclusive growth
Innovation policies for inclusive growth
 
Productivity Spillovers, Diffusion and Public Policies: A Portuguese Perspective
Productivity Spillovers, Diffusion and Public Policies: A Portuguese PerspectiveProductivity Spillovers, Diffusion and Public Policies: A Portuguese Perspective
Productivity Spillovers, Diffusion and Public Policies: A Portuguese Perspective
 
The Global Productivity Slowdown, Technology Divergence and Public Policy: A ...
The Global Productivity Slowdown, Technology Divergence and Public Policy: A ...The Global Productivity Slowdown, Technology Divergence and Public Policy: A ...
The Global Productivity Slowdown, Technology Divergence and Public Policy: A ...
 
STI Scoreboard 2015
STI Scoreboard 2015STI Scoreboard 2015
STI Scoreboard 2015
 
Public Sector Productivity Challenges
Public Sector Productivity ChallengesPublic Sector Productivity Challenges
Public Sector Productivity Challenges
 
Global Innovation Index 2021
Global Innovation Index 2021Global Innovation Index 2021
Global Innovation Index 2021
 
An Inclusive Innovation Agenda : The State of Play - Eng
An Inclusive Innovation Agenda : The State of Play - EngAn Inclusive Innovation Agenda : The State of Play - Eng
An Inclusive Innovation Agenda : The State of Play - Eng
 
Gii
GiiGii
Gii
 
Icdec2020_presentation_slides_26
Icdec2020_presentation_slides_26Icdec2020_presentation_slides_26
Icdec2020_presentation_slides_26
 
Scoreboard- 2015 Japan Launch
Scoreboard- 2015 Japan LaunchScoreboard- 2015 Japan Launch
Scoreboard- 2015 Japan Launch
 

Similar to Presentation of SPINTAN project

Public Sector Intangibles: The SPINTAN Project
Public Sector Intangibles: The SPINTAN ProjectPublic Sector Intangibles: The SPINTAN Project
Public Sector Intangibles: The SPINTAN ProjectSPINTAN
 
Well-Being as Business Purpose?, Wilson
Well-Being as Business Purpose?, WilsonWell-Being as Business Purpose?, Wilson
Well-Being as Business Purpose?, WilsonStatsCommunications
 
The informal economy, innovation and intellectual property
The informal economy, innovation and intellectual propertyThe informal economy, innovation and intellectual property
The informal economy, innovation and intellectual propertyDr Lendy Spires
 
Spillovers from public intangibles
Spillovers from public intangiblesSpillovers from public intangibles
Spillovers from public intangiblesSPINTAN
 
designing-effective-independent-fiscal-institutions
designing-effective-independent-fiscal-institutionsdesigning-effective-independent-fiscal-institutions
designing-effective-independent-fiscal-institutionsScherie Nicol
 
Intangibles: the new sources of growth (OECD project)
Intangibles: the new sources of growth (OECD project)Intangibles: the new sources of growth (OECD project)
Intangibles: the new sources of growth (OECD project)Marcos CAVALCANTI
 
Experiment of the Assessment of Societal and Economic Impacts by Policy Simul...
Experiment of the Assessment of Societal and Economic Impacts by Policy Simul...Experiment of the Assessment of Societal and Economic Impacts by Policy Simul...
Experiment of the Assessment of Societal and Economic Impacts by Policy Simul...scirexcenter
 
NV20:2020 The First Implementation Plan (2010 - 2013) - Presented by Hon. M...
NV20:2020   The First Implementation Plan (2010 - 2013) - Presented by Hon. M...NV20:2020   The First Implementation Plan (2010 - 2013) - Presented by Hon. M...
NV20:2020 The First Implementation Plan (2010 - 2013) - Presented by Hon. M...Victor Ordu
 
The promise and problem with infrastructure, Ian Hawkesworth, OECD Secretariat
The promise and problem with infrastructure, Ian Hawkesworth, OECD SecretariatThe promise and problem with infrastructure, Ian Hawkesworth, OECD Secretariat
The promise and problem with infrastructure, Ian Hawkesworth, OECD SecretariatOECD Governance
 
Intangible capital
Intangible capitalIntangible capital
Intangible capitalSPINTAN
 
Kd present public sector productivity
Kd present public sector productivityKd present public sector productivity
Kd present public sector productivityRojarsharin
 
Social Investment in Portugal
Social Investment in PortugalSocial Investment in Portugal
Social Investment in PortugalOECD CFE
 
institutional investment in infrastructure development in developing countries
institutional investment in infrastructure development in developing countriesinstitutional investment in infrastructure development in developing countries
institutional investment in infrastructure development in developing countriesArslan Shani
 
A governance framework for infrastructure that delivers projects at the right...
A governance framework for infrastructure that delivers projects at the right...A governance framework for infrastructure that delivers projects at the right...
A governance framework for infrastructure that delivers projects at the right...OECD Governance
 
Infrastructure development - Holger Van Eden, IMF
Infrastructure development - Holger Van Eden, IMFInfrastructure development - Holger Van Eden, IMF
Infrastructure development - Holger Van Eden, IMFOECD Governance
 
cooperation_final
cooperation_finalcooperation_final
cooperation_finalViola Peter
 
Philippe Larédo-La empresa y las políticas de innovación transformadoras
Philippe Larédo-La empresa y las políticas de innovación transformadorasPhilippe Larédo-La empresa y las políticas de innovación transformadoras
Philippe Larédo-La empresa y las políticas de innovación transformadorasFundación Ramón Areces
 
Multiple to return_on_r&d
Multiple to return_on_r&dMultiple to return_on_r&d
Multiple to return_on_r&dDino, llc
 
HLEG thematic workshop on measuring economic, social and environmental resili...
HLEG thematic workshop on measuring economic, social and environmental resili...HLEG thematic workshop on measuring economic, social and environmental resili...
HLEG thematic workshop on measuring economic, social and environmental resili...StatsCommunications
 

Similar to Presentation of SPINTAN project (20)

Public Sector Intangibles: The SPINTAN Project
Public Sector Intangibles: The SPINTAN ProjectPublic Sector Intangibles: The SPINTAN Project
Public Sector Intangibles: The SPINTAN Project
 
Well-Being as Business Purpose?, Wilson
Well-Being as Business Purpose?, WilsonWell-Being as Business Purpose?, Wilson
Well-Being as Business Purpose?, Wilson
 
The informal economy, innovation and intellectual property
The informal economy, innovation and intellectual propertyThe informal economy, innovation and intellectual property
The informal economy, innovation and intellectual property
 
Wp10
Wp10Wp10
Wp10
 
Spillovers from public intangibles
Spillovers from public intangiblesSpillovers from public intangibles
Spillovers from public intangibles
 
designing-effective-independent-fiscal-institutions
designing-effective-independent-fiscal-institutionsdesigning-effective-independent-fiscal-institutions
designing-effective-independent-fiscal-institutions
 
Intangibles: the new sources of growth (OECD project)
Intangibles: the new sources of growth (OECD project)Intangibles: the new sources of growth (OECD project)
Intangibles: the new sources of growth (OECD project)
 
Experiment of the Assessment of Societal and Economic Impacts by Policy Simul...
Experiment of the Assessment of Societal and Economic Impacts by Policy Simul...Experiment of the Assessment of Societal and Economic Impacts by Policy Simul...
Experiment of the Assessment of Societal and Economic Impacts by Policy Simul...
 
NV20:2020 The First Implementation Plan (2010 - 2013) - Presented by Hon. M...
NV20:2020   The First Implementation Plan (2010 - 2013) - Presented by Hon. M...NV20:2020   The First Implementation Plan (2010 - 2013) - Presented by Hon. M...
NV20:2020 The First Implementation Plan (2010 - 2013) - Presented by Hon. M...
 
The promise and problem with infrastructure, Ian Hawkesworth, OECD Secretariat
The promise and problem with infrastructure, Ian Hawkesworth, OECD SecretariatThe promise and problem with infrastructure, Ian Hawkesworth, OECD Secretariat
The promise and problem with infrastructure, Ian Hawkesworth, OECD Secretariat
 
Intangible capital
Intangible capitalIntangible capital
Intangible capital
 
Kd present public sector productivity
Kd present public sector productivityKd present public sector productivity
Kd present public sector productivity
 
Social Investment in Portugal
Social Investment in PortugalSocial Investment in Portugal
Social Investment in Portugal
 
institutional investment in infrastructure development in developing countries
institutional investment in infrastructure development in developing countriesinstitutional investment in infrastructure development in developing countries
institutional investment in infrastructure development in developing countries
 
A governance framework for infrastructure that delivers projects at the right...
A governance framework for infrastructure that delivers projects at the right...A governance framework for infrastructure that delivers projects at the right...
A governance framework for infrastructure that delivers projects at the right...
 
Infrastructure development - Holger Van Eden, IMF
Infrastructure development - Holger Van Eden, IMFInfrastructure development - Holger Van Eden, IMF
Infrastructure development - Holger Van Eden, IMF
 
cooperation_final
cooperation_finalcooperation_final
cooperation_final
 
Philippe Larédo-La empresa y las políticas de innovación transformadoras
Philippe Larédo-La empresa y las políticas de innovación transformadorasPhilippe Larédo-La empresa y las políticas de innovación transformadoras
Philippe Larédo-La empresa y las políticas de innovación transformadoras
 
Multiple to return_on_r&d
Multiple to return_on_r&dMultiple to return_on_r&d
Multiple to return_on_r&d
 
HLEG thematic workshop on measuring economic, social and environmental resili...
HLEG thematic workshop on measuring economic, social and environmental resili...HLEG thematic workshop on measuring economic, social and environmental resili...
HLEG thematic workshop on measuring economic, social and environmental resili...
 

More from SPINTAN

Franco-German Conference. Paris. July 2016
Franco-German Conference. Paris. July 2016Franco-German Conference. Paris. July 2016
Franco-German Conference. Paris. July 2016SPINTAN
 
14th European Workshop on Efficiency and Productivity Analysis (EWEPA)
14th European Workshop on Efficiency and Productivity Analysis (EWEPA)14th European Workshop on Efficiency and Productivity Analysis (EWEPA)
14th European Workshop on Efficiency and Productivity Analysis (EWEPA)SPINTAN
 
Investment Agenda for Europe
Investment Agenda for EuropeInvestment Agenda for Europe
Investment Agenda for EuropeSPINTAN
 
OECD Blue Skies Conference. Sept 2016
OECD Blue Skies Conference. Sept 2016OECD Blue Skies Conference. Sept 2016
OECD Blue Skies Conference. Sept 2016SPINTAN
 
Conference of the Global Forum on Productivity 2016
Conference of the Global Forum on Productivity 2016Conference of the Global Forum on Productivity 2016
Conference of the Global Forum on Productivity 2016SPINTAN
 
Matilde Mas Ivars - I Workshop KIIS. Valencia Nov15
Matilde Mas Ivars - I Workshop KIIS. Valencia Nov15Matilde Mas Ivars - I Workshop KIIS. Valencia Nov15
Matilde Mas Ivars - I Workshop KIIS. Valencia Nov15SPINTAN
 
I Workshop KIIS Valencia Nov15
I Workshop KIIS Valencia Nov15I Workshop KIIS Valencia Nov15
I Workshop KIIS Valencia Nov15SPINTAN
 
SPINTAN project Final Conference Latest SPINTAN Developments. Matilde Mas
SPINTAN project Final Conference Latest SPINTAN Developments. Matilde MasSPINTAN project Final Conference Latest SPINTAN Developments. Matilde Mas
SPINTAN project Final Conference Latest SPINTAN Developments. Matilde MasSPINTAN
 
Estimating Public Intangibles in Real Time
Estimating Public Intangibles in Real TimeEstimating Public Intangibles in Real Time
Estimating Public Intangibles in Real TimeSPINTAN
 
The EU Productivity Gap - Open Session
The EU Productivity Gap - Open SessionThe EU Productivity Gap - Open Session
The EU Productivity Gap - Open SessionSPINTAN
 
Human Capital: Extending the measures
Human Capital: Extending the measuresHuman Capital: Extending the measures
Human Capital: Extending the measuresSPINTAN
 
The Role of Intangibles in the Public Sector -A Preliminary Study in Japan
The Role of Intangibles in the Public Sector-A Preliminary Study in JapanThe Role of Intangibles in the Public Sector-A Preliminary Study in Japan
The Role of Intangibles in the Public Sector -A Preliminary Study in JapanSPINTAN
 

More from SPINTAN (12)

Franco-German Conference. Paris. July 2016
Franco-German Conference. Paris. July 2016Franco-German Conference. Paris. July 2016
Franco-German Conference. Paris. July 2016
 
14th European Workshop on Efficiency and Productivity Analysis (EWEPA)
14th European Workshop on Efficiency and Productivity Analysis (EWEPA)14th European Workshop on Efficiency and Productivity Analysis (EWEPA)
14th European Workshop on Efficiency and Productivity Analysis (EWEPA)
 
Investment Agenda for Europe
Investment Agenda for EuropeInvestment Agenda for Europe
Investment Agenda for Europe
 
OECD Blue Skies Conference. Sept 2016
OECD Blue Skies Conference. Sept 2016OECD Blue Skies Conference. Sept 2016
OECD Blue Skies Conference. Sept 2016
 
Conference of the Global Forum on Productivity 2016
Conference of the Global Forum on Productivity 2016Conference of the Global Forum on Productivity 2016
Conference of the Global Forum on Productivity 2016
 
Matilde Mas Ivars - I Workshop KIIS. Valencia Nov15
Matilde Mas Ivars - I Workshop KIIS. Valencia Nov15Matilde Mas Ivars - I Workshop KIIS. Valencia Nov15
Matilde Mas Ivars - I Workshop KIIS. Valencia Nov15
 
I Workshop KIIS Valencia Nov15
I Workshop KIIS Valencia Nov15I Workshop KIIS Valencia Nov15
I Workshop KIIS Valencia Nov15
 
SPINTAN project Final Conference Latest SPINTAN Developments. Matilde Mas
SPINTAN project Final Conference Latest SPINTAN Developments. Matilde MasSPINTAN project Final Conference Latest SPINTAN Developments. Matilde Mas
SPINTAN project Final Conference Latest SPINTAN Developments. Matilde Mas
 
Estimating Public Intangibles in Real Time
Estimating Public Intangibles in Real TimeEstimating Public Intangibles in Real Time
Estimating Public Intangibles in Real Time
 
The EU Productivity Gap - Open Session
The EU Productivity Gap - Open SessionThe EU Productivity Gap - Open Session
The EU Productivity Gap - Open Session
 
Human Capital: Extending the measures
Human Capital: Extending the measuresHuman Capital: Extending the measures
Human Capital: Extending the measures
 
The Role of Intangibles in the Public Sector -A Preliminary Study in Japan
The Role of Intangibles in the Public Sector-A Preliminary Study in JapanThe Role of Intangibles in the Public Sector-A Preliminary Study in Japan
The Role of Intangibles in the Public Sector -A Preliminary Study in Japan
 

Recently uploaded

2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdfHenry Tapper
 
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptx
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptxOAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptx
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptxhiddenlevers
 
AGRICULTURAL PRICE POLICY -AGRICULTURAL ECONOMICS.pptx
AGRICULTURAL PRICE POLICY -AGRICULTURAL ECONOMICS.pptxAGRICULTURAL PRICE POLICY -AGRICULTURAL ECONOMICS.pptx
AGRICULTURAL PRICE POLICY -AGRICULTURAL ECONOMICS.pptxVISHALI SELVAM
 
How To Trade Accumulator Options with Deriv.com
How To Trade Accumulator Options with Deriv.comHow To Trade Accumulator Options with Deriv.com
How To Trade Accumulator Options with Deriv.comVinceStanzioneMobile
 
Stock Market Brief Deck from youtube 2/16
Stock Market Brief Deck from youtube 2/16Stock Market Brief Deck from youtube 2/16
Stock Market Brief Deck from youtube 2/16Michael Silva
 
Monthly Market Risk Update: February 2024 [SlideShare]
Monthly Market Risk Update: February 2024 [SlideShare]Monthly Market Risk Update: February 2024 [SlideShare]
Monthly Market Risk Update: February 2024 [SlideShare]Commonwealth
 
Stock Market Brief Deck 29.pdf
Stock Market Brief Deck 29.pdfStock Market Brief Deck 29.pdf
Stock Market Brief Deck 29.pdfMichael Silva
 
Tone at the top: the effects of gender board diversity on gender wage inequal...
Tone at the top: the effects of gender board diversity on gender wage inequal...Tone at the top: the effects of gender board diversity on gender wage inequal...
Tone at the top: the effects of gender board diversity on gender wage inequal...GRAPE
 
Stock Market Brief Deck 214.pdf
Stock Market Brief Deck 214.pdfStock Market Brief Deck 214.pdf
Stock Market Brief Deck 214.pdfMichael Silva
 
India Equity Strategy Presentation (2016) - HSBC
India Equity Strategy Presentation (2016) - HSBCIndia Equity Strategy Presentation (2016) - HSBC
India Equity Strategy Presentation (2016) - HSBCDimitarStoyanov46
 
Banking theory law & Practice Unit II.ppt
Banking theory law & Practice Unit II.pptBanking theory law & Practice Unit II.ppt
Banking theory law & Practice Unit II.pptmanikandansMani2
 
Strategic Resources corporate presentation
Strategic Resources corporate presentationStrategic Resources corporate presentation
Strategic Resources corporate presentationAdnet Communications
 
Is the U.S Approaching Another Regional Bank Crisis.pdf
Is the U.S Approaching Another Regional Bank Crisis.pdfIs the U.S Approaching Another Regional Bank Crisis.pdf
Is the U.S Approaching Another Regional Bank Crisis.pdfJasper Colin
 
BP action group letter to the Work and Pensions committee
BP action group letter to the Work and Pensions committeeBP action group letter to the Work and Pensions committee
BP action group letter to the Work and Pensions committeeHenry Tapper
 
Elo’s result 2023: Return on investment increased to 6 per cent and cost effi...
Elo’s result 2023: Return on investment increased to 6 per cent and cost effi...Elo’s result 2023: Return on investment increased to 6 per cent and cost effi...
Elo’s result 2023: Return on investment increased to 6 per cent and cost effi...Työeläkeyhtiö Elo
 
Deriv Accumulator Trading Stratagies by Vince Stanzione
Deriv Accumulator Trading Stratagies by Vince StanzioneDeriv Accumulator Trading Stratagies by Vince Stanzione
Deriv Accumulator Trading Stratagies by Vince StanzioneVince Stanzione
 
How AI in the Insurance Industry is Influencing Regulatory Changes in 2024
How AI in the Insurance Industry is Influencing Regulatory Changes in 2024How AI in the Insurance Industry is Influencing Regulatory Changes in 2024
How AI in the Insurance Industry is Influencing Regulatory Changes in 2024360factors
 
India Budget 2024 25. Highlights of budgeted expediture
India Budget 2024 25. Highlights of budgeted expeditureIndia Budget 2024 25. Highlights of budgeted expediture
India Budget 2024 25. Highlights of budgeted expeditureDr. Sanjay Sawant Dessai
 

Recently uploaded (20)

2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
 
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptx
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptxOAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptx
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptx
 
AGRICULTURAL PRICE POLICY -AGRICULTURAL ECONOMICS.pptx
AGRICULTURAL PRICE POLICY -AGRICULTURAL ECONOMICS.pptxAGRICULTURAL PRICE POLICY -AGRICULTURAL ECONOMICS.pptx
AGRICULTURAL PRICE POLICY -AGRICULTURAL ECONOMICS.pptx
 
How To Trade Accumulator Options with Deriv.com
How To Trade Accumulator Options with Deriv.comHow To Trade Accumulator Options with Deriv.com
How To Trade Accumulator Options with Deriv.com
 
Stock Market Brief Deck from youtube 2/16
Stock Market Brief Deck from youtube 2/16Stock Market Brief Deck from youtube 2/16
Stock Market Brief Deck from youtube 2/16
 
Monthly Market Risk Update: February 2024 [SlideShare]
Monthly Market Risk Update: February 2024 [SlideShare]Monthly Market Risk Update: February 2024 [SlideShare]
Monthly Market Risk Update: February 2024 [SlideShare]
 
Veritas Financial statement presentation 2023
Veritas Financial statement presentation 2023Veritas Financial statement presentation 2023
Veritas Financial statement presentation 2023
 
Stock Market Brief Deck 29.pdf
Stock Market Brief Deck 29.pdfStock Market Brief Deck 29.pdf
Stock Market Brief Deck 29.pdf
 
Tone at the top: the effects of gender board diversity on gender wage inequal...
Tone at the top: the effects of gender board diversity on gender wage inequal...Tone at the top: the effects of gender board diversity on gender wage inequal...
Tone at the top: the effects of gender board diversity on gender wage inequal...
 
Stock Market Brief Deck 214.pdf
Stock Market Brief Deck 214.pdfStock Market Brief Deck 214.pdf
Stock Market Brief Deck 214.pdf
 
India Equity Strategy Presentation (2016) - HSBC
India Equity Strategy Presentation (2016) - HSBCIndia Equity Strategy Presentation (2016) - HSBC
India Equity Strategy Presentation (2016) - HSBC
 
Digital Marketing (2024).pdf
Digital Marketing (2024).pdfDigital Marketing (2024).pdf
Digital Marketing (2024).pdf
 
Banking theory law & Practice Unit II.ppt
Banking theory law & Practice Unit II.pptBanking theory law & Practice Unit II.ppt
Banking theory law & Practice Unit II.ppt
 
Strategic Resources corporate presentation
Strategic Resources corporate presentationStrategic Resources corporate presentation
Strategic Resources corporate presentation
 
Is the U.S Approaching Another Regional Bank Crisis.pdf
Is the U.S Approaching Another Regional Bank Crisis.pdfIs the U.S Approaching Another Regional Bank Crisis.pdf
Is the U.S Approaching Another Regional Bank Crisis.pdf
 
BP action group letter to the Work and Pensions committee
BP action group letter to the Work and Pensions committeeBP action group letter to the Work and Pensions committee
BP action group letter to the Work and Pensions committee
 
Elo’s result 2023: Return on investment increased to 6 per cent and cost effi...
Elo’s result 2023: Return on investment increased to 6 per cent and cost effi...Elo’s result 2023: Return on investment increased to 6 per cent and cost effi...
Elo’s result 2023: Return on investment increased to 6 per cent and cost effi...
 
Deriv Accumulator Trading Stratagies by Vince Stanzione
Deriv Accumulator Trading Stratagies by Vince StanzioneDeriv Accumulator Trading Stratagies by Vince Stanzione
Deriv Accumulator Trading Stratagies by Vince Stanzione
 
How AI in the Insurance Industry is Influencing Regulatory Changes in 2024
How AI in the Insurance Industry is Influencing Regulatory Changes in 2024How AI in the Insurance Industry is Influencing Regulatory Changes in 2024
How AI in the Insurance Industry is Influencing Regulatory Changes in 2024
 
India Budget 2024 25. Highlights of budgeted expediture
India Budget 2024 25. Highlights of budgeted expeditureIndia Budget 2024 25. Highlights of budgeted expediture
India Budget 2024 25. Highlights of budgeted expediture
 

Presentation of SPINTAN project

  • 1. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No. 612774 PUBLIC SECTOR INTANGIBLES (SPINTAN project) Funded by the Seventh Framework Programme of the European Union Matilde Mas University of Valencia & Ivie
  • 2. The SPINTAN project (Funded by the Seventh Framework Programme of the European Union) proposes to extend both the theoretical and the empirical approach introduced by CHS (2005, 2009) including Public Sector intangibles in different complementary directions. Objectives: 1. Clarify the boundaries of the non-market economy; the concept of Public Intangibles; their distribution by industries; and the conceptual problems posed by the measurement of its capital services. 2. Build up a Public Sector Intangibles Database for a set (22) of EU countries, supplemented by some big non-EU countries. 3. Analyze the impact of Public Sector intangibles on innovation, well-being and “smart” growth. 4. Including Public Intangibles spillovers effects to the market sector 5. And analyze the consequences of austerity policies in view of the expected recovery. CONCEPT AND OBJECTIVES 2
  • 3. CONSORTIUM MEMBERS 3 Name Short name Country 1 Instituto Valenciano de Investigaciones Económicas, S.A. Ivie Spain 2 National Institute of Economic and Social Research Lbg NIESR United Kingdom 3 LUISS Libera Universita Internaziolale Degli Studi Sociali Guido Carli LUISS Italy 4 Istituto nazionale di statistica Istat Italy 5 Imperial College of Science, Technology and Medicine IC United Kingdom 6 The Conference Board Inc TCBE United States 7 Organisation for Economic Co-operation and Development OECD France 8 Zentrum für Europäische Wirtschaftsforschung Gmbh ZEW Germany 9 Deutsches Institut für Wirtschaftsforschung E.V. DIW Germany 10 Wiener Institut für Interntionale Wirtschaftsvergleiche wiiw Austria 11 Fores (Forum för reformer och entreprenörskap) Stiftelse FORES Sweden 12 Kopint-tarki Konjunkturakutato Intezet Zrt Kopint Hungary Associate partners The Department of Industry of the Australian Government The RIETI Institute and the Gakushuin University, Japan Australia Japan
  • 4. • The estimates of Public Sector intangible investments will complement the harmonized business intangible measures developed by INTAN-Invest (Corrado, Haskel, Jona-Lasinio, Iommi, 2012). • It will analyze key issues with regard to the boundaries of public intangibles between different public and private categories, such as R&D, skill formation and IT investment. • It will also propose new ways to measure Public Sector intangible capital services, and especially depreciation and the rate of return. • The main objective of WP 1 & WP 2 is to settle on the most important conceptual and methodological issues in measuring public intangibles, which will lead to the construction of a database for 22 EU countries, United States, China, India, and possibly Brazil. BUILDING UP A PUBLIC SECTOR INTANGIBLES DATABASE (WP 1 & WP2) 4
  • 5. Provide an answer to key issues: 1. The role of Public Sector investment in general, and of Public Sector investment in intangibles in particular, for generating long term “smart” growth and for the competitiveness of the economies. 2. To what extent are public intangibles complementary or substitutes for private intangibles. 3. How strong are the spillover effects from public intangibles vis-à-vis private intangibles, creating benefits for growth beyond the investor itself. 4. If investment in different kinds of intangibles is equally important in terms of its impact on growth. 5. Relevance of Public Sector Intangibles in two key areas: Health and Education (including Higher Education) THE IMPACT OF PUBLIC SECTOR INTANGIBLES (WP 3 & WP 4) 5
  • 6. Five main research questions to be addressed: 1. Have the current crisis and the accompanying austerity measures adopted by governments affected Public Sector investment intangibles in an even way? 2. Has intangible investment been impacted more (or less) by the crisis than tangible investment? Have public and private intangible investments been affected equally? 3. What has been the impact of austerity measures on growth and competitiveness? 4. What are the expected consequences of the austerity policies on the path to be followed in the subsequent recovery? 5. Will different segments of population be equally affected? Would they enhance future growth and well-being? CONSEQUENCES OF AUSTERITY POLICIES IN VIEW OF THE EXPECTED RECOVERY (WP 5) 6
  • 7. WP 1 will address several methodological issues: • Definition of intangible asset boundaries in the Public Sector. The CHS approach was originally thought to identify intangible assets in the market sector. Thus, some of the assets have a pure firm-specific character (brand equity or new financial product developments), while other assets have both a public and private component (R&D, education and health care, cultural expenditures, IT infrastructure…). • Identification of sector specific intangible expenditures with the help of WP3 – WP5 research outputs • Discussion of a crucial conceptual issue with regard to the rate of return on public intangibles. In the current National Accounts framework the basic assumption is that government capital has a net return of zero, which is clearly unsatisfactory from both analytical and policy perspectives. GENERAL OVERVIEW WP 1 7
  • 8. WP 2 has the objective of constructing a database on intangible investment in the Public Sector. Most of the recent methodological work on intangibles focused on the measurement of intangible investment in the market sector (INNODRIVE, COINVEST, INTAN-Invest, TCB & OECD). The aim is to produce a cross-country harmonized database of Public Sector intangibles coherent with the market sector estimates of intangibles developed by INTAN-Invest, and also with EU KLEMS. It will cover 22 EU countries plus the US, and some other countries (China, India and possibly Brazil). GENERAL OVERVIEW WP 2 8
  • 9. WP 3 will concentrate on two specific areas Health and Education. The goal is that the main research questions address will help the methodological discussion in WP 1. Health analysis will take a macro and micro perspective Education from four different perspectives: • Link between spending on intangibles and different performance indicators • Impact of intangibles on school performance in one country (UK) making use of a newly released database; • Contribution of higher education R&D investment to the improvement of a set of socio-economic variables • Measure the productivity of higher education institutions by looking at the quality-adjusted output in terms of scientific publications and patents associated with intangibles GENERAL OVERVIEW WP 3 9
  • 10. • It will analyse the existing synergies between public intangibles and market sector productivity performance and its impact on economic growth. • Spillover effects will be carefully analyzed. • It will formalize the implicit van Ark-Jaeger (2010) framework on measurement of output elasticities. • It will produce a case study for Italy which will analyze the relationship between fiscal stimulus and business cycle taking into account the role of public sector intangible capital. • It will provide a case study for Spain analyzing public tangible (six different types of infrastructures) and intangible capital as well as their spillovers over the market sector performance. • It will analyze the effects of international spillovers on public and private intangibles based on international production linkages and making use of the WIOD database GENERAL OVERVIEW WP 4 10
  • 11. Five objectives: 1. Define a blueprint of a growth-friendly consolidation strategy; 2. Analyze the impact of austerity policies when complementarities between tangibles and intangibles are present; 3. Analyze international linkages during the last economic cycle. 4. Review government spending (in both tangible and intangible investment) in the New Member States; 5. Study the reaction of public ICT investment to economic crisis; GENERAL OVERVIEW WP 5 11
  • 12. • It will present a comprehensive synthesis of the project highlighting its main policy implications. • It will provide a general diagnosis of the state of the EU countries in relation with each of the topics analyzed • and it will establish the main recommendations for improving their performance. • It will also include a policy note on the relation between business and government on how to leverage the benefits from public and private intangibles. GENERAL OVERVIEW WP 6 12
  • 13. INTERDEPENDENCE OF THE WORK PACKAGES 13 WP1: Public Sector Intangibles. Methodological & Measurement issues (TCBE) WP2: Measuring Public Sector Intangibles – Database [Harmonized cross country database] (LUISS) WP3: Education, Health and R&D: Impacts on smart growth (NIESR) WP4: Spillovers from Public Sector Intangibles (IC) WP5: Austerity and Recovery (Ivie) WP6: Synthesis and Policy Implications. (Ivie & TCBE) WP7: Management and Dissemination (Ivie)
  • 14. SPINTAN is potentially of interest for the experts in the academic community and its subject matter is highly placed on the European political agenda. It can provide four critical elements: • A coherent method • A rigorous database for the main advanced and the emergent economies • Analytical work that estimates the benefit of some public policies and the cost of suppressing them; • And critical work on policy making. From a very early stage there is great emphasis put on the expected return to society (Europe and beyond) from the public funding of this project. More specifically, on how are the expected results from the SPINTAN project going to improve policy making, the knowledge of the economies of the countries involved and the everyday lives of people. COOPERATION WITH THE RESEARCH COMMUNITY 14
  • 15. • The SPINTAN Web Page (www.spintan.net) offers updated information on the ongoing project and activities related to the topic of intangibles – A private Information Sharing section is dedicated to dissemination of internal discussions on the conceptual framework in WP1 and the data collection in WP2 • Find us also in Twitter! @SPINTAN JOIN US! 15
  • 16. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No. 612774 PUBLIC SECTOR INTANGIBLES (SPINTAN project) Funded by the Seventh Framework Programme of the European Union Matilde Mas University of Valencia & Ivie