The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Intangible Capital

  • Daniel E. Sichel
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2304

Abstract

Intangible capital has played an increasingly important role in economic growth, although firm-level financial and national income accounting practices provide little information about intangibles and do not count many purchases of intangible capital as investment.

Keywords

Economic growth Financial accounting Financial market valuations Growth accounting Information technology Intangible capital Labour productivity National income accounting National Income and Product Accounts (USA) Total factor productivity 

JEL Classifications

E21 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Daniel E. Sichel
    • 1
  1. 1.