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Challenges to Measuring Intangible Assets in Bulgaria

Author

Listed:
  • Todor Gradev
  • Lubomir Dimitrov
  • Spartak Keremidchiev

Abstract

The study uses new methodology developed by Corrado, Hulten and Sickel in 2006 for measuring the intangible assets in Bulgaria and the factors that premise it. The study ranges data for 1990-2006. The data are aggregated from firm to sector level when reporting the import and export. Intangible assets are: costs for software and computer databases, innovative property, R&D costs, property rights, costs for acquiring licenses, architecture and engineer design, trademarks property, brands and economic compensations, costs for market research and brand advertising, specific firm human capital and organization structure. Recalculating by the new methodology, the paper shows the contribution of the intangible assets in forming GDP in the studied period. It takes into consideration the deep changes in the Bulgarian economy in the analyzed period, like the carried out privatization, the collapse of the industry, the financial crisis in 1996-1997, and the mass introduction of FDI.

Suggested Citation

  • Todor Gradev & Lubomir Dimitrov & Spartak Keremidchiev, 2012. "Challenges to Measuring Intangible Assets in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 129-139.
    • Handle: RePEc:bas:econst:y:2012:i:2:p:129-139
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    References listed on IDEAS

    as
    1. Mauro Giorgio Marrano & Jonathan Haskel, 2006. "How Much Does the UK Invest in Intangible Assets?," Working Papers 578, Queen Mary University of London, School of Economics and Finance.
    2. Carol Corrado & Charles Hulten & Daniel Sichel, 2005. "Measuring Capital and Technology: An Expanded Framework," NBER Chapters, in: Measuring Capital in the New Economy, pages 11-46, National Bureau of Economic Research, Inc.
    3. Carol Corrado & Charles Hulten & Daniel Sichel, 2009. "Intangible Capital And U.S. Economic Growth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(3), pages 661-685, September.
    4. Kyoji Fukao & Tsutomu Miyagawa & Kentaro Mukai & Yukio Shinoda & Konomi Tonogi, 2009. "Intangible Investment In Japan: Measurement And Contribution To Economic Growth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(3), pages 717-736, September.
    5. Martin L. Weitzman, 1976. "On the Welfare Significance of National Product in a Dynamic Economy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(1), pages 156-162.
    6. Hulten, Charles R, 1979. "On the "Importance" of Productivity Change," American Economic Review, American Economic Association, vol. 69(1), pages 126-136, March.
    7. Carol Corrado & John Haltiwanger & Daniel Sichel, 2005. "Measuring Capital in the New Economy," NBER Books, National Bureau of Economic Research, Inc, number corr05-1, May.
    8. Edquist, Harald, 2009. "How Much does Sweden Invest in Intangible Assets?," Working Paper Series 785, Research Institute of Industrial Economics.
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    More about this item

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

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