| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6294 |
| DP6294 Irving Fisher, Expectational Errors, and the UIP Puzzle | |
| James R. Lothian; Kees Koedijk; Ronald Mahieu; Rachel Campbell | |
| 发表日期 | 2007-05-18 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We attempt to replicate for the UK the Corrado, Hulten and Sichel (2005, 2006) work on spending on intangible assets in the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998-2000, with intangible investment about equal to tangible capital investment. Our work, using a similar method, suggests the UK private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is around £116bn (10% of GDP) which is about equal to UK investment in tangible assets. Of the £127bn expenditure, (in round numbers) about 15% is spent on software, about 10% on scientific R&D, almost 20% on non-scientific R&D (design, product development etc.), about 14% on branding, about 20% on training and the rest on organisational capital. |
| 主题 | Industrial Organization |
| 关键词 | Intangible assets R&d Training Organisational capital investment |
| URL | https://cepr.org/publications/dp6294 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535133 |
| 推荐引用方式 GB/T 7714 | James R. Lothian,Kees Koedijk,Ronald Mahieu,et al. DP6294 Irving Fisher, Expectational Errors, and the UIP Puzzle. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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