How much does the UK invest in intangible assets? Mauro Giorgio Marrano and Jonathan Haskel

Arbeitspapier

We attempt to replicate for the UK the Corrado, Hulten and Sichel (2005, 2006) work on spending on intangible assets in the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998-2000, with intangible investment about equal to tangible capital investment. Our work, using a similar method, suggests the UK private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is around £116bn (10% of GDP) which is about equal to UK investment in tangible assets. Of the £127bn expenditure, (in round numbers) about 15% is spent on software, about 10% on scientific R&D, almost 20% on non-scientific R&D (design, product development etc.), about 14% on branding, about 20% on training and the rest on organisational capital.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 578

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Investment; Capital; Intangible Capital; Capacity ; Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
• Thema: Intangible assets, R&D, Training, Organisational capital, Investment ; Investition ; Ausgaben ; Privatwirtschaft ; Immaterielles Anlagevermögen ; Vergleich ; USA ; Großbritannien

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Marrano, Mauro Giorgio ; Haskel, Jonathan
• Ereignis: Veröffentlichung
• (wer): Queen Mary University of London, Department of Economics
• (wo): London
• (wann): 2006

Weitere Informationen

• Handle: http://hdl.handle.net/10419/62890
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ