National intellectual capital model and measurement
Carol Yeh-Yun Lin and
Leif Edvinsson
International Journal of Knowledge-Based Development, 2012, vol. 3, issue 1, 58-82
Abstract:
Over the past few decades, intangible assets, such as knowledge, patents, and innovation, have been identified as fundamental sources of wealth and progress. These assets represent a major concern for business firms, their stakeholders, policy makers and world organisations for proper positioning in the world competition and for wise resource allocation. As a result, measuring the intangibles has become a challenge. This paper reports a validated national intellectual capital measurement model, consisting human capital, market capital, process capital, renewal capital and financial capital that enables nations to conduct comparisons, benchmarking, refining and re-orienting national development strategies for sustaining their competitive advantages. The national intellectual capital ranking for 41 countries and their dynamic development are also elaborated.
Keywords: intellectual capital; measurement models; intangible assets; national ranking; knowledge; patents; innovation; intangibles; human capital; market capital; process capital; renewal capital; financial capital. (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijkbde:v:3:y:2012:i:1:p:58-82
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