Treating Intangible Inputs as Investment Goods.

Treating Intangible Inputs as Investment Goods.

This paper constructs a data set to document firms' expenditures on an identifiable list of intangible items and examines the implications of treating intangible spending as an acquisition of final (investment) goods on GDP growth for Canada. It finds that investment in intangible capital by 20...

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Bibliographic Details
Main Author: Belhocine, Nazim
Format: eBook
Language:English
Published: Washington : International Monetary Fund, 2009.
Series:IMF Working Papers.
Subjects:
Gross domestic product > Canada > Econometric models.
Labor productivity > Canada > Econometric models.
Investments > Canada > Econometric models.
Gross domestic product > Econometric models
Investments > Econometric models
Labor productivity > Econometric models
Canada
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Description
Summary:This paper constructs a data set to document firms' expenditures on an identifiable list of intangible items and examines the implications of treating intangible spending as an acquisition of final (investment) goods on GDP growth for Canada. It finds that investment in intangible capital by 2002 is almost as large as the investment in physical capital. This result is in line with similar findings for the U.S. and the U.K. Furthermore, the growth in GDP and labor productivity may be underestimated by as much as 0.1 percentage point per year during this same period.
Physical Description:1 online resource (39 pages)
ISBN:9781452700618
1452700613
Source of Description, Etc. Note:Print version record.

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