EconPapers    
Economics at your fingertips  
 

Measuring the Knowledge Economy – Intangible Spending and Investment in Germany

Florian Berger ()
Additional contact information
Florian Berger: TU Berlin

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2012, vol. 232, issue 1, pages 12-30

Abstract: Intangible assets are largely ignored by the “traditional” System of National Accounts (SNA), although they play an increasingly important economic role. The reasons for this are the substantial measurement and valuation problems. This article applies a methodology based on Hulten (1979) and Corrado et al. (2005) to provide some indications on the amount of investment in intangible goods in the German economy. I discuss the proposed categorization approach and quantify the different components for the German economy, drawing on a number of different data sources. I show that the amount of investment in intangibles is significant. An inclusion into the SNAwould add around Euro 142.4 bn to total investment in the German economy in 2004. This corresponds to an increase of almost 70%. However, an international comparison shows that Germany falls short in terms of intangible spending relative to the US and UK.

Keywords: Intangibles; investment; economic measurement (search for similar items in EconPapers)
JEL-codes: E01 E22 C81 C82 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.wiso-net.de/webcgi?START=A60&DOKV_DB=ZE ... 7B34C&DOKV_HS=0&PP=1 Main text (application/pdf)
http://search.ebscohost.com/login.aspx?direct=true ... 6976&site=ehost-live Main text (application/pdf)
Access via EBSCOhost Econlit - http://www.ebscohost.com/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:jns:jbstat:v:232:y:2012:i:1:p:12-30

Access Statistics for this article

More articles in Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik) from Justus-Liebig University Giessen, Department of Statistics and Economics
Contact information at EDIRC.
Series data maintained by Peter Winker ().

 
Page updated 2012-06-14
Handle: RePEc:jns:jbstat:v:232:y:2012:i:1:p:12-30