Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/62890 
Year of Publication: 
2006
Series/Report no.: 
Working Paper No. 578
Publisher: 
Queen Mary University of London, Department of Economics, London
Abstract: 
We attempt to replicate for the UK the Corrado, Hulten and Sichel (2005, 2006) work on spending on intangible assets in 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 around £116bn (10% of GDP) which is about equal to UK investment in tangible assets. Of the £127bn expenditure, (in round numbers) about 15% is spent on software, about 10% on scientific R&D, almost 20% on non-scientific R&D (design, product development etc.), about 14% on branding, about 20% on training and the rest on organisational capital.
Subjects: 
Intangible assets, R&D, Training, Organisational capital, Investment
JEL: 
O47
E22
E01
Document Type: 
Working Paper

Files in This Item:
File
Size
585.14 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.