Conventional measures of business investment consist primarily of tangible assets such as plant and equipment, vehicles …, office buildings and other commercial structures. Corrado, Hulten and Sichel (2005, 2009) show business investment in … intangibles (software, design, R&D, branding, organizational capital) exceeds tangible investment for the United States. This …

appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as … investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment, capital and …

the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 …-2000, with intangible investment about equal to tangible capital investment. Our work, using a similar method, suggests the UK … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is …

the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 …-2000, with intangible investment about equal to tangible capital investment. Our work, using a similar method, suggests the UK … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is …

performance appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement …" assets is as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending … as investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment …

This paper uses a new cross-country cross-industry dataset on investment in tangible and intangible assets for 18 … European countries and the US. We set out a framework for measuring intangible investment and capital stocks and their effect … on output, inputs and total factor productivity. The analysis provides evidence on the diffusion of intangible investment …