Intangible differences: Investment during the pandemic and the role of financial constraints
European Investment Bank
NOVEMBER 10, 2024
The COVID-19 crisis triggered a reduction in investment by European firms, affecting both tangible assets like buildings and machinery, and investments in intangible assets like research and development (R&D) and training. This paper uses European Investment Bank Investment Survey (EIBIS) data to compare and explain how these different types of investment were affected by the shock.
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