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Protecting Their Intellectual Assets : Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)

Cohen, Wesley M.; Nelson, Richard R.; Walsh, John P. - 2021

Based on a survey questionnaire administered to 1478 R&D labs in the U.S. manufacturing sector in 1994, we find that firms typically protect the profits due to invention with a range of mechanisms, including patents, secrecy, lead time advantages and the use of complementary marketing and...

Persistent link: https://www.econbiz.de/10013246368

Factor Incomes in Global Value Chains : The Role of Intangibles

Chen, Wen - 2018

Recent studies document a decline in the share of labour and a simultaneous increase in the share of residual (‘factorless') income in national GDP. We argue the need for study of factor incomes in cross-border production to complement country studies. We define a GVC production function that...

Persistent link: https://www.econbiz.de/10012908162

Educational "Goodwill" : Measuring the Intangible Assets at Highly Selective Private Colleges and Universities

Nurnberg, Peter Scott - 2011

In this paper we utilize data on the head-to-head loss rate for students accepted at Williams College, but who opt to enroll elsewhere. For example, we employ data that measure the fraction of students admitted to Williams and to Amherst (or Harvard or Yale, etc.) but who opt to attend Amherst...

Persistent link: https://www.econbiz.de/10013120298

The Role of Intangible Capital in the Transformation and Growth of the Chinese Economy

Hulten, Charles R. - 2014

Investment in a broad array of intangible capital - R&D, organizational capital, worker training, and brand equity - has occurred in many of the most advanced world economies and has been found to be an important source of economic growth. This evidence suggests that intangible capital formation...

Persistent link: https://www.econbiz.de/10013065397

Understanding Weak Capital Investment : The Role of Market Concentration and Intangibles

Crouzet, Nicolas - 2019

We document that the rise of factors such as software, intellectual property, brand, and innovative business processes, collectively known as “intangible capital” can explain much of the weakness in physical capital investment since 2000. Moreover, intangibles have distinct economic features...

Persistent link: https://www.econbiz.de/10012869542

Intangible Capital and Economic Growth

Corrado, Carol - 2010

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...

Persistent link: https://www.econbiz.de/10012761773

Measuring the Location of Production in a World of Intangible Productive Assets, FDI, and Intrafirm Trade

Lipsey, Robert E. - 2010

only a nominal location determined by the firm's tax or legal strategies. lt;brgt;lt;brgt;The effects of these location … ambiguities, and the resulting distortions for tax reasons of the location of production, are described and it is estimated that … for U.S. firms' affiliates in a few tax havens alone, the exaggeration of value added in those locations amounted, in 2005 …

Persistent link: https://www.econbiz.de/10012759116

Intangible Capital and Productivity : An Exploration on a Panel of Italian Manufacturing Firms

Bontempi, Maria Elena - 2010

The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large panel of Italian Manufacturing firms. In the analysis, we decompose total intangibles in two different ways: in intangibles expensed in firms' current accounts (as usually...

Persistent link: https://www.econbiz.de/10012759191

Intangible Capital and Measured Productivity

McGrattan, Ellen R. - 2017

Because firms invest heavily in R&D, software, brands, and other intangible assets—at a rate close to that of tangible assets—changes in measured GDP, which does not include all intangible investments, understate the actual changes in total output. If changes in the labor input are more...

Persistent link: https://www.econbiz.de/10012960781

Intangible Value

Eisfeldt, Andrea L.; Kim, Edward; Papanikolaou, Dimitris - 2022

Intangible assets are absent from traditional measures of firm value despite their growing importance in firms' capital stocks. We propose a simple improvement to the classic Fama and French (1992, 1993) value factor that incorporates intangibles and addresses differences in accounting practices...

Persistent link: https://www.econbiz.de/10013289315