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

22 Pages Posted: 10 Nov 2009

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Date Written: September 2009

Abstract

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.

Keywords: Canada, Capital goods, Capital transactions, Cross country analysis, Data collection, Economic growth, Gross domestic product, Investment, Labor productivity, National income accounts

Suggested Citation

Belhocine, Nazim, Treating Intangible Inputs as Investment Goods: The Impact on Canadian GDP (September 2009). IMF Working Paper No. 09/240, Available at SSRN: https://ssrn.com/abstract=1503202

Nazim Belhocine (Contact Author)

International Monetary Fund ( email )

700 19th Street NW
Washington, DC 20431
United States

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