Intangible Assets and National Income Accounting

21 Pages Posted: 29 Jun 2010

See all articles by Leonard I. Nakamura

Leonard I. Nakamura

Federal Reserve Banks - Federal Reserve Bank of Philadelphia

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Abstract

In this paper I relate the measurement of intangibles to the project of measuring the sources of growth. I focus on three related and difficult areas of the measurement of national income: the measurement of new goods, the deflation of intangible investment, and the divergence between the social and private valuations of intangible assets. I argue that the economic theory and practice underlying measurement of these items is currently controversial and incomplete, and I point toward how concretely to move forward.

Suggested Citation

Nakamura, Leonard I., Intangible Assets and National Income Accounting. Review of Income and Wealth, Vol. 56, Issue s1, pp. S135-S155, June 2010, Available at SSRN: https://ssrn.com/abstract=1630588 or http://dx.doi.org/10.1111/j.1475-4991.2010.00390.x

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