IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

Measurement of Intangible Investments by Industry and Its Role in Productivity Improvement Utilizing Comparative Studies between Japan and Korea

  • Hyunbae CHUN
  • FUKAO Kyoji
  • HISA Shoichi
  • MIYAGAWA Tsutomu

Using the Japan Industrial Productivity (JIP) database and other primary statistics, we estimate intangible investments in Japan at the industry level. Comparing our estimates with Korean ones measured by Professor Chun, intangible investment/gross value added (GVA) ratios in Japan are higher than those in Korea in many industries. However, in some service industries, Korean intangible investments are larger than their Japanese counterparts. Although intangible capital stock in 2008 was 136 trillion yen, the growth rate in intangibles became negative in some industries in Japan in the 2000s due to harsh restructuring. When we examine the impacts of intangible investments on total factor productivity (TFP) growth, we find a significant and positive effect on it in the market economy after the IT revolution. However, in the service sector, we do not find any clear evidence of the effect of intangibles. The estimation results show that the government should improve its management skills to utilize intangible assets effectively through deregulation in the service sector.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by Research Institute of Economy, Trade and Industry (RIETI) in its series Discussion papers with number 12037.

in new window

Length: 36 pages
Date of creation: Jun 2012
Date of revision:
Handle: RePEc:eti:dpaper:12037
Contact details of provider: Postal: 11th floor, Annex, Ministry of Economy, Trade and Industry (METI) 1-3-1, Kasumigaseki Chiyoda-ku, Tokyo, 100-8901
Phone: +81-3-3501-1363
Fax: +81-3-3501-8577
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:eti:dpaper:12037. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (NUKATANI Sorahiko)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.