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Record Nr. |
UNINA9910788225103321 |
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Autore |
Belhocine Nazim |
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Titolo |
The Stock of Intangible Capital in Canada : : Evidence from the Aggregate Value of Securities / / Nazim Belhocine |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-4567-0 |
1-282-84447-4 |
9786612844478 |
1-4527-7831-0 |
1-4518-7397-2 |
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Descrizione fisica |
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Collana |
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Soggetti |
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Capital market - Canada |
Securities - Canada |
Investments: General |
Investments: Stocks |
Macroeconomics |
Investment |
Capital |
Intangible Capital |
Capacity |
Pension Funds |
Non-bank Financial Institutions |
Financial Instruments |
Institutional Investors |
General Aggregative Models: General |
General Financial Markets: General (includes Measurement and Data) |
Investment & securities |
Intangible capital |
Stocks |
National accounts |
Depreciation |
Securities |
Saving and investment |
National income |
Financial instruments |
Canada Economic policy |
Canada |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Sommario/riassunto |
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This paper measures the size of the stock of intangible capital in Canada using newly released data on the market value of all securities in the economy. The approach taken relies on a quantitative application of the q-theory of investment to generate the quantity of capital owned by firms. I find that the intangible capital stock accounted for approximately 30% of overall capital since 1994. Of this intangible capital stock, the R&D reported by national accounts makes up only 23%. In addition, the finding on the magnitude of the intangible capital stock is comparable to that reported using a cost approach, confirming the size and the relevance of intangibles to macroeconomic models. |
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