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Innovation, Intangibles and Economic Growth: Towards A Comprehensive Accounting of the Knowledge Economy

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  • Bart van Ark

    ()
    (The Conference Board and University of Groningen)

  • Charles R. Hulten

    ()
    (University of Maryland)

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    Abstract

    An earlier version of this paper was presented at a seminar on "Measurement of capital: beyond the traditional measures" at Conference of European Statisticians, 12 June 2007, Geneva; and at a conference on “Productivity and Innovation” organized by Statistics Sweden, October 24–25 2007, Grand Hotel, Saltsjöbaden. We are grateful to the participants for in these seminars for their comments. We also express our gratitude to our coauthors in the original projects underlying this paper, notably Marcel Timmer and Mary O’Mahony as concerning the EU KLEMS work, and Carol Corrado and Dan Sichel concerning the intangibles analysis for the United States. Any errors in this paper are of course entirely ours.

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    File URL: http://www.conference-board.org/economics/workingpapers.cfm?pdf=E-0022-07-WP
    File Function: Second version, 2007
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    Bibliographic Info

    Paper provided by The Conference Board, Economics Program in its series Economics Program Working Papers with number 07-02.

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    Length: 23 pages
    Date of creation: Nov 2007
    Date of revision:
    Handle: RePEc:cnf:wpaper:0702

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    1. Robert Inklaar & Marcel P. Timmer & Bart van Ark, 2006. "Mind the gap! International comparisons of productivity in services and goods production," Hi-Stat Discussion Paper Series d06-175, Institute of Economic Research, Hitotsubashi University.
    2. Bart van Ark, 2002. "Understanding Productivity and Income Differentials Among OECD Countries: A Survey," The Review of Economic Performance and Social Progress, in: Andrew Sharpe, Executive Director & France St-Hilaire, Vice-President , Research & Keith Banting, Di (ed.), The Review of Economic Performance and Social Progress 2002: Towards a Social Understanding of Productivity, volume 2 Centre for the Study of Living Standards & The Institutute for Research on Public Policy.
    3. Hausman, Jerry, 1999. "Cellular Telephone, New Products, and the CPI," Journal of Business & Economic Statistics, American Statistical Association, vol. 17(2), pages 188-94, April.
    4. Nicholas Bloom & John Van Reenen, 2007. "Measuring and Explaining Management Practices Across Firms and Countries," The Quarterly Journal of Economics, MIT Press, vol. 122(4), pages 1351-1408, November.
    5. 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.
    6. Black, Sandra E & Lynch, Lisa M, 1996. "Human-Capital Investments and Productivity," American Economic Review, American Economic Association, vol. 86(2), pages 263-67, May.
    7. Erik Brynjolfsson & Loren Hitt & Shinkyu Yang, 2002. "Intangible Assets: How the Interaction of Computers and Organizational Structure Affects Stock Market Valuations," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(1), pages 137-198.
    8. 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, 09.
    9. Kevin J. Stiroh & Dale W. Jorgenson, 1999. "Information Technology and Growth," American Economic Review, American Economic Association, vol. 89(2), pages 109-115, May.
    10. 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.
    11. Bronwyn H. Hall & Robert E. Hall, 1993. "The Value and Performance of U.S. Corporations," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1), pages 1-50.
    12. Charles R. Hulten, 2001. "Total Factor Productivity. A Short Biography," NBER Chapters, in: New Developments in Productivity Analysis, pages 1-54 National Bureau of Economic Research, Inc.
    13. John Abowd & John Haltiwanger & Ron Jarmin & Julia Lane & Paul Lengermann & Kristin McCue & Kevin McKinney & Kristin Sandusky, 2002. "The Relation among Human Capital, Productivity and Market Value: Building Up from Micro Evidence," Longitudinal Employer-Household Dynamics Technical Papers 2002-14, Center for Economic Studies, U.S. Census Bureau.
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