| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11948 |
| 来源ID | Working Paper 11948 |
| Intangible Capital and Economic Growth | |
| Carol A. Corrado; Charles R. Hulten; Daniel E. Sichel | |
| 发表日期 | 2006-01-23 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | Published macroeconomic data traditionally exclude most intangible investment from measured GDP. This situation is beginning to change, but our estimates suggest that as much as $800 billion is still excluded from U.S. published data (as of 2003), and that this leads to the exclusion of more than $3 trillion of business intangible capital stock. To assess the importance of this omission, we add capital to the standard sources-of-growth framework used by the BLS, and find that the inclusion of our list of intangible assets makes a significant difference in the observed patterns of U.S. economic growth. The rate of change of output per worker increases more rapidly when intangibles are counted as capital, and capital deepening becomes the unambiguously dominant source of growth in labor productivity. The role of multifactor productivity is correspondingly diminished, and labor's income share is found to have decreased significantly over the last 50 years. |
| 主题 | Development and Growth ; Growth and Productivity ; Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w11948 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569599 |
| 推荐引用方式 GB/T 7714 | Carol A. Corrado,Charles R. Hulten,Daniel E. Sichel. Intangible Capital and Economic Growth. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11948.pdf（222KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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