Measuring Organization Capital

Andrew Atkeson and Patrick Kehoe

No 8722, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In the manufacturing sector of the U.S. economy, nearly 9% of output is not accounted for as payments to either physical capital or labor. The value of this output is a little larger than the value of the stock of physical capital. We build a model to measure how much of this output can be attributed to payments to organization capital-organization-specific knowledge that is built up with experience. We find that roughly 4% of output can be accounted for as payments to organization capital and that this capital has roughly two-thirds the value of the stock of physical capital.

JEL-codes: E13 E22 (search for similar items in EconPapers)
Date: 2002-01
New Economics Papers: this item is included in nep-dge
Note: EFG PR
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Citations: View citations in EconPapers (28)

Published as Atkeson, Andrew and Patrick J. Kehoe. “Modeling and Measuring Organization Capital." Journal of Political Economy 113, 5 (October 2005): 1026-1053.

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