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Intangible Assets And National Income Accounting

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  • Leonard I. Nakamura

Abstract

In this paper I relate the measurement of intangibles to the project of measuring the sources of growth. I focus on three related and difficult areas of the measurement of national income: the measurement of new goods, the deflation of intangible investment, and the divergence between the social and private valuations of intangible assets. I argue that the economic theory and practice underlying measurement of these items is currently controversial and incomplete, and I point toward how concretely to move forward.

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  • Leonard I. Nakamura, 2010. "Intangible Assets And National Income Accounting," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(s1), pages 135-155, June.
    • Handle: RePEc:bla:revinw:v:56:y:2010:i:s1:p:s135-s155
    DOI: 10.1111/j.1475-4991.2010.00390.x
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