empirical framework to measure factor incomes in production that spans industries and countries. We define intangible capital … statistics on capital stocks. For manufactured products we find that the share of intangible capital income in final output … tangible capital income share (18 per cent). For pharmaceuticals, furniture, textiles and food the intangible income share …

Published macroeconomic data traditionally exclude most intangible investment from measured GDP. This situation is … 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 intangible capital to the standard sources-of-growth framework used by the BLS, and find that …

We decompose the difference between a firm’s market and book values into two components: intangible assets that can be … parameters in the model for creating intangible assets by capitalizing R&D/SG&A expenditures vary significantly across industries … higher capitalized intangible assets, face higher product market threats …

Intangible assets are supposedly more important over time. It is difficult to estimate the market values of intangible … belief, the intangible asset intensity has been stable in the past two decades. But there is a significant rise in customer … underestimate the intangible assets firms have …

Intangible capital can be used to create new goods and services (product intangibles) or to improve the efficiency of …

The new evidence provided by the codification of intangible assets in national accounts and firm statistics offers the …-shaped relationship between out-of-equilibrium performance and growth in the intensity of intangible capital. Entrepreneurship levels …