Marrano, Mauro Giorgio; Haskel, Jonathan - 2006
the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is … around £116bn (10% of GDP) which is about equal to UK investment in tangible assets. Of the £127bn expenditure, (in …