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 …

total investment in intangibles was 227 billion or approximately two-thirds of the total investment in fixed capital in 2004 …. Thus, investment in intangibles was considerable in 2004. The corresponding figures for the UK and the US were 10.9 and 13 … intangibles in the future should be included in the Swedish national accounts. -- Intangibles ; Investment ; Economic growth …