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Intangible Assets and Economic Growth

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  • Rossitsa Rangelova

Abstract

Basic conceptual, statistical and measurement aspects of the intangible assets are considered regarding to their contribution to the economic growth. The increasing importance of the intangible assets in the modern economy is described. The role of the intangible assets in the creating of the information society and the knowledge-based economy is stressed. Issues of definition and statistical accounting of the intangible assets are discussed. The two basic approaches of value-relevance of intangible investment are presented. The evolution of the approaches to measuring the intangibles' contribution to the economic growth from the perspective of the theories of growth is given in brief.

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Bibliographic Info

Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

Volume (Year): (2003)
Issue (Month): 2 ()
Pages: 45-71

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Handle: RePEc:bas:econst:y:2003:i:2:p:45-71

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  1. Aghion, P. & Howitt, P., 1989. "A Model Of Growth Through Creative Destruction," UWO Department of Economics Working Papers 8904, University of Western Ontario, Department of Economics.
  2. Robert J. Barro, 2012. "Inflation and Economic Growth," CEMA Working Papers 568, China Economics and Management Academy, Central University of Finance and Economics.
  3. Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
  4. Tobin, James, 1969. "A General Equilibrium Approach to Monetary Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(1), pages 15-29, February.
  5. Sergio T. Rebelo, 1992. "Long Run Policy Analysis and Long Run Growth," NBER Working Papers 3325, National Bureau of Economic Research, Inc.
  6. Amir, Eli & Lev, Baruch, 1996. "Value-relevance of nonfinancial information: The wireless communications industry," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 3-30, October.
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