Fukao, Kyoji; Miyagawa, Tsutomu; Mukai, Kentaro; … - In: Review of Income and Wealth 55 (2009) 3, pp. 717-736
Following the approach of Corrado, Hulten, and Sichel (2005, 2006), we measure intangible investment and examine the contribution of intangible capital to economic growth in Japan. We find that the ratio of intangible investment to GDP in Japan has risen during the past 20 years and now stands...