Introduction: Intangible Assets and Regional Economic Growth

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Notes

Needles to say, there is no consensus on the definition of ‘intangible assets’. The one quoted here is considered to be a useful working definition. An interesting extension, for present purposes, of such a working definition for intangible assets is also reported by Kaufmann and Schneider (2004): ‘Intangible assets are defined by their major drivers: R&D [research and development], advertising, IT [information technology] and human resource practices.’

IAREG is a project financed by the European Union under the Seventh Framework Programme for Research and Technological Development in the ‘Socio-Economic Sciences and the Humanities’ area (FP7-SSH-2007-1.216813). The IAREG consortium consists of twelve partners from different European countries with the aim of studying the impact of intangible assets on regional economic growth.