CELEBRATING Celebrating 50
Public Sector Economics

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The effect of physical and intangible capital on labour productivity: role of institutional and development factors



Valentin Lovrić*
Article   |   Year:  2026   |   Pages:  215 - 240   |   Volume:  50   |   Issue:  2
Received:  June 1, 2025   |   Accepted:  February 9, 2026   |   Published online:  June 5, 2026
Download citation        https://doi.org/10.3326/pse.50.2.2       


Table 1
Description of sectors used in the analysis
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Table 2
Model estimation with long-term coefficients, Croatia
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Table 3
Model estimations with long-term coefficients, sectoral panel data for thirteen highly developed countries
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Table 4
Model estimations with long-term coefficients, aggregate panel data for twelve highly developed countries
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Table A1
Additional dynamic and static estimations of the equation of effect of IN and K on LP
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Figure A1
Intangible capital stock per hour of work, in euros and permanent prices (1995-2021), all NACE Rev. 2 activities
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Figure A2
Labour productivity measured in gross added value per hour of work, in euros and permanent prices (1995-2021), all NACE Rev. 2 activities
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  June, 2026
II/2026

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