Baldi, Guido; Bodmer, André - In: International Economics and Economic Policy 14 (2017) 2, pp. 211-219
elsewhere promote investment in intangible assets. However, the potential role of intangibles for business cycles and the … international transmission of shocks is not well understood. In this paper, we investigate the international business cycle effects … of intangible capital. To this aim, we build an otherwise standard two-country real business cycle model augmented by a …