| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP9061
|
| DP9061 Intangible Capital and Growth in Advanced Economies: Measurement and Comparative Results |
| Jonathan Haskel
|
| 发表日期 | 2012-07-22
|
| 出版年 | 2012
|
| 语种 | 英语
|
| 摘要 | Conventional measures of business investment consist primarily of tangible assets such as plant and equipment, vehicles, office buildings and other commercial structures. Corrado, Hulten and Sichel (2005, 2009) show business investment in intangibles (software, design, R&D, branding, organizational capital) exceeds tangible investment for the United States. This paper presents a harmonized data set and analysis of intangible investment, 1995-2009, for the EU27, Norway and the US, and growth accounts including intangible capital for 14 countries. We find (a) intangible investment in the EU is less than the US, but the share of intangible investment in GDP has been growing faster than the share of tangible (b) between 1995 and 2007 capital deepening accounted for almost 50% of growth in the EU and 65% in the US, with intangible investment contributing around half of capital deepening (c) higher rates of intangible capital deepening are associated with higher TFP growth, consistent with spillovers from intangibles. |
| 主题 | International Macroeconomics
; Industrial Organization
|
| 关键词 | Growth
Intangibles
investment
|
| URL | https://cepr.org/publications/dp9061
|
| 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/537895
|
推荐引用方式
GB/T 7714 |
Jonathan Haskel. DP9061 Intangible Capital and Growth in Advanced Economies: Measurement and Comparative Results. 2012.
|
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