The Stock of Intangible Capital in Canada

This paper measures the size of the stock of intangible capital in Canada using newly released data on the market value of all securities in the economy. The approach taken relies on a quantitative application of the q-theory of investment to generate the quantity of capital owned by firms. I find that the intangible capital stock accounted for approximately 30% of overall capital since 1994. Of this intangible capital stock, the R&D reported by national accounts makes up only 23%. In addition, the finding on the magnitude of the intangible capital stock is comparable to that reported using a

MoreLess

Year of publication:	2009
Authors:	Belhocine, Nazim
Publisher:	Washington : International Monetary Fund
Subject:	Kanada \| Canada \| Immaterielle Werte \| Intangible assets \| Tobins Q \| Tobin's Q

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

Extent:	Online-Ressource (46 p)
Series:	IMF Working Papers ; v.Working Paper No. 09/250 IMF working paper ; WP/09/250
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Relationship to Related Literature; III. Methodology; A. A Quantitative Approach to the q-theory; B. Empirical Strategy; 1. Parameter Values; IV. Data Description; 1. Shares and Bonds at Book and Market Value; 2. Accounting Balance Sheet; 3. Modified Accounting Framework; V. Results; 2. Quantity and Shadow Price of the Inferred Capital Stock; 3. Decomposition of the Aggregate Value of Firms (in billions of 1997 dollars); 4. Ratio of Intangible Capital Stock to the Inferred Capital Stock 5. The Part of R&D in the Unrecorded Intangible Capital Stock (in billionsVI. Sensitivity Analysis; A. Allowing for Different Adjustment Cost Parameters; 6. Sensitivity to Various Adjustment Costs of the Ratio of Intangible Capital to the Inferred Capital Stock; B. Allowing for Different Depreciation Rates; 7. Sensitivity of the Ratio of Intangible Capital to the Overall; C. Allowing for Different Initial Values; 8. Sensitivity of the Intangible Capital Stock to Various Initial Values; VII. Conclusion; Appendix: Data Sources and Manipulations 4. Financial Assets and Liabilities at Market ValueReferences; Footnotes
ISBN:	978-1-4518-7397-9 ; 978-1-4527-7831-0 ; 978-1-4518-7397-9
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012677492