Treating Intangible Inputs as Investment Goods: the Impact on Canadian GDP

WPIEA2009240 Image
Price:  $18.00

Author/Editor: Nazim Belhocine
Release Date: © November, 2009
ISBN : 978-1-45187-387-0
Stock #: WPIEA2009240
English
Stock Status: Available

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Description

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.

Taxonomy

Economic development , Investment




More publications in this series: Working Papers


More publications by: Nazim Belhocine