expenditures that are current consumption versus those that are capital investment. This framework suggests that any business … outlay that is intended to increase future rather than current consumption should be treated as capital investment. Applying …, business investment in intangible capital was as large as business investment in traditional, tangible capital. Relative to …

This study describes the state of the art in the measurement of intangible capital and its contribution to economic … growth, with a focus on an international comparison of intangible investment intensity and intangible capital deepening among … labour-productivity growth in the US and larger countries of the EU. The continental West-European countries show a …