How Much does Sweden Invest in Intangible Assets?
In this paper I attempt to replicate for Sweden the Corrado, Hulten and Sichel (2006) and Marrano and Haskel (2006) working papers on spending on intangible assets in the US and the UK. Based on their measurement methods the total spending on intangibles in Sweden in 2004 was 277 billion SEK or 10.6 percent of total GDP. Based on total spending it can be estimated that total investment in intangibles was 227 billion or approximately two-thirds of the total investment in fixed capital in 2004. Thus, investment in intangibles was considerable in 2004. The corresponding figures for the UK and the US were 10.9 and 13.1 percent, respectively. Even though the measurement methods of intangibles must be further developed, it could be argued that intangibles in the future should be included in the Swedish national accounts.
|Date of creation:||15 Jan 2009|
|Publication status:||Published as Edquist, Harald, 'How Much does Sweden Invest in Intangible Assets?' in Research in Economic History, 2007, pages 1-53.|
|Contact details of provider:|| Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden|
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- Carol Corrado & Charles R. Hulten & Daniel E. Sichel, 2004.
"Measuring capital and technology: an expanded framework,"
Finance and Economics Discussion Series
2004-65, Board of Governors of the Federal Reserve System (U.S.).
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Review of Income and Wealth,
International Association for Research in Income and Wealth, vol. 55(3), pages 686-716, 09.
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- Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2007.
"A retrospective look at the U.S. productivity growth resurgence,"
277, Federal Reserve Bank of New York.
- Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2008. "A Retrospective Look at the U.S. Productivity Growth Resurgence," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 3-24, Winter.
- Giorgio Marrano, Mauro & Haskel, Jonathan, 2007.
"How Much Does the UK Invest in Intangible Assets?,"
CEPR Discussion Papers
6287, C.E.P.R. Discussion Papers.
- Haskel, J & Pesole, A & Galindo-Rueda, F, 2010. "How much does the UK employ, spend and invest in design?," Working Papers 5971, Imperial College, London, Imperial College Business School.
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