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Intangible Assets and National Income Accounting: Measuring a Scientific Revolution”, working paper No

By  and Leonard I. Nakamura and Leonard I. Nakamura and Leonard I. Nakamura and Leonard I. Nakamura


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. Address correspondence t

Year: 2009
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