Working Paper Series
How Much does Sweden Invest in Intangible Assets?
Abstract: In this paper I attempt to replicate for Sweden the
Corrado, Hulten and Sichel (2006) and Marrano and Haskel (2006) working
papers on spending on intangible assets in the US and the UK. Based on
their measurement methods the total spending on intangibles in Sweden in
2004 was 277 billion SEK or 10.6 percent of total GDP. Based on total
spending it can be estimated that total investment in intangibles was 227
billion or approximately two-thirds of the total investment in fixed
capital in 2004. Thus, investment in intangibles was considerable in 2004.
The corresponding figures for the UK and the US were 10.9 and 13.1 percent,
respectively. Even though the measurement methods of intangibles must be
further developed, it could be argued that intangibles in the future should
be included in the Swedish national accounts.
Keywords: Intangibles; Investment; Economic growth; (follow links to similar papers)
JEL-Codes: O15; O16; O47; O52; (follow links to similar papers)
26 pages, January 15, 2009
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Full text versions of the paper:
- This paper is published as:
Edquist, Harald, (2007), 'How Much does Sweden Invest in Intangible Assets?', Research in Economic History, Vol. 24, pages 1-53
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