@article{vanArk2009Measuring,
abstract = {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 eleven advanced economies. By employing a broad measure of intangibles, including computerized information, innovative property and economic competencies, we find a relatively large impact on growth. Intangible capital explains about a quarter of labour-productivity growth in the US and larger countries of the EU. The continental West-European countries show a distinction between countries with significant contributions from intangible capital deepening and a group of laggards. Catching-up countries such as the Czech Republic, Greece and Slovakia show much larger contributions from tangible capital deepening than from intangibles, and also larger multi-factor productivity (MFP) growth rates related to the restructuring of those economies.},
author = {Bart van Ark and Janet X. Hao and Carol Corrado and Charles Hulten},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
issn = {0257-7755},
journal = {EIB Papers},
keywords = {330; Immaterielles Anlageverm\"{o}gen; Messung; Wirtschaftswachstum; Arbeitsproduktivit\"{a}t; Produktivit\"{a}t; Vergleich; EU-Staaten; USA},
language = {eng},
number = {1},
pages = {62-93},
title = {Measuring intangible capital and its contribution to economic growth in Europe},
url = {http://hdl.handle.net/10419/44905},
volume = {14},
year = {2009}
}
