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Intangible assets and national income accounting

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  • Leonard I. Nakamura

Abstract

In this paper I focus on three related and difficult areas of the measurement of national income. I argue that the economic theory underlying measurement of these items is currently controversial and incomplete.

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  • Leonard I. Nakamura, 2008. "Intangible assets and national income accounting," Working Papers 08-23, Federal Reserve Bank of Philadelphia.
    • Handle: RePEc:fip:fedpwp:08-23
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    Cited by:

    1. Ellen R. McGrattan & Edward C. Prescott, 2017. "On financing retirement with an aging population," Quantitative Economics, Econometric Society, vol. 8(1), pages 75-115, March.
    2. Felix Roth, 2022. "The Productivity Puzzle: A Critical Assessment and an Outlook on the COVID-19 Crisis," Contributions to Economics, in: Intangible Capital and Growth, chapter 0, pages 1-16, Springer.
    3. Roth, Felix & Sen, Ali & Rammer, Christian, 2021. "Intangible Capital and Firm-Level Productivity – Evidence from Germany," Hamburg Discussion Papers in International Economics 9, University of Hamburg, Chair of International Economics.
    4. Marwil J. Dávila-Fernández & Lionello F. Punzo, 2018. "Some New Insights on Financialisation and Income Inequality," Department of Economics University of Siena 792, Department of Economics, University of Siena.
    5. Felix Roth & Anna-Elisabeth Thum, 2022. "Intangible Capital and Labor Productivity Growth: Panel Evidence for the EU from 1998–2005," Contributions to Economics, in: Intangible Capital and Growth, chapter 0, pages 101-128, Springer.
    6. Felix Roth, 2022. "Revisiting Intangible Capital and Labor Productivity Growth, 2000–2015: Accounting for the Crisis and Economic Recovery in the EU," Contributions to Economics, in: Intangible Capital and Growth, chapter 0, pages 17-42, Springer.
    7. Violeta SÃCUI & Diana SALA, 2012. "Economic Properties of Intangible Assets.The Value Paradox," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(5), pages 793-803, December.
    8. Robert Inklaar, 2010. "The Sensitivity Of Capital Services Measurement: Measure All Assets And The Cost Of Capital," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(2), pages 389-412, June.
    9. Roth,Felix & Thum, Anna-Elisabeth, 2010. "Does intangible capital affect economic growth?," CEPS Papers 3667, Centre for European Policy Studies.
    10. Wen Chen & Robert Inklaar, 2016. "Productivity spillovers of organization capital," Journal of Productivity Analysis, Springer, vol. 45(3), pages 229-245, June.
    11. Nicolas Crouzet & Janice C. Eberly, 2019. "Understanding Weak Capital Investment: the Role of Market Concentration and Intangibles," NBER Working Papers 25869, National Bureau of Economic Research, Inc.
    12. Chen, Wen & Niebel, Thomas & Saam, Marianne, 2016. "Are intangibles more productive in ICT-intensive industries? Evidence from EU countries," Telecommunications Policy, Elsevier, vol. 40(5), pages 471-484.
    13. Emmanuel Farhi & Francois Gourio, 2018. "Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 49(2 (Fall)), pages 147-250.
    14. Georgescu, George, 2016. "The Gross Domestic Product. History, relevance and limitations in its interpretation," MPRA Paper 73644, University Library of Munich, Germany.
    15. Wu, Kai & Lai, Seiwai, 2020. "Intangible intensity and stock price crash risk," Journal of Corporate Finance, Elsevier, vol. 64(C).
    16. Bauman, Mark P. & Shaw, Kenneth W., 2018. "Value relevance of customer-related intangible assets," Research in Accounting Regulation, Elsevier, vol. 30(2), pages 95-102.
    17. Dila Asfuroglu & Nuriye Zeynep Ökten & Elif Yolbulan Okan, 2020. "Examining Economic Growth Through Brand Development: A Multinational Analysis," SAGE Open, , vol. 10(2), pages 21582440209, May.
    18. Roth, Felix, 2019. "Intangible Capital and Labour Productivity Growth: A Review of the Literature," Hamburg Discussion Papers in International Economics 4, University of Hamburg, Chair of International Economics.
    19. Robert J. Hill & Alice O. Nakamura, 2010. "Improving Inflation And Related Performance Measures For Nations: An Introduction," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(s1), pages 1-10, June.
    20. Roth, Felix, 2022. "The rule of law and investment in intangible capital: Evidence for the EU-16, 1996-2017," Hamburg Discussion Papers in International Economics 12, University of Hamburg, Chair of International Economics.
    21. Clausen, Saskia & Hirth, Stefan, 2016. "Measuring the value of intangibles," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 110-127.
    22. Georgescu, George, 2016. "Produsul intern brut. Istorie, relevanţă şi limitări în interpretare [The Gross Domestic Product. History, relevance and limitations in its interpretation]," MPRA Paper 72491, University Library of Munich, Germany.
    23. Marwil J. Dávila-Fernández & Lionello F. Punzo, 2018. "A Multi-Sectoral Approach to Financialisation," Department of Economics University of Siena 794, Department of Economics, University of Siena.

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