04067oam 22010814 450 991078822510332120230721045709.01-4623-4567-01-282-84447-497866128444781-4527-7831-01-4518-7397-2(CKB)3170000000055369(SSID)ssj0000939938(PQKBManifestationID)11512676(PQKBTitleCode)TC0000939938(PQKBWorkID)10945927(PQKB)10780416(OCoLC)680614168(MiAaPQ)EBC1605940(IMF)WPIEE2009250(EXLCZ)99317000000005536920020129d2009 uf 0engurcn|||||||||txtccrThe Stock of Intangible Capital in Canada : Evidence from the Aggregate Value of Securities /Nazim BelhocineWashington, D.C. :International Monetary Fund,2009.28 p. illIMF Working Papers"November 2009."1-4519-1811-9 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.IMF Working Papers; Working Paper ;No. 2009/250Capital marketCanadaSecuritiesCanadaInvestments: GeneralimfInvestments: StocksimfMacroeconomicsimfInvestmentimfCapitalimfIntangible CapitalimfCapacityimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfGeneral Aggregative Models: GeneralimfGeneral Financial Markets: General (includes Measurement and Data)imfInvestment & securitiesimfIntangible capitalimfStocksimfNational accountsimfDepreciationimfSecuritiesimfSaving and investmentimfNational incomeimfFinancial instrumentsimfCanadaEconomic policyCanadaimfCapital marketSecuritiesInvestments: GeneralInvestments: StocksMacroeconomicsInvestmentCapitalIntangible CapitalCapacityPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsGeneral Aggregative Models: GeneralGeneral Financial Markets: General (includes Measurement and Data)Investment & securitiesIntangible capitalStocksNational accountsDepreciationSecuritiesSaving and investmentNational incomeFinancial instrumentsBelhocine Nazim1087661International Monetary Fund.Western Hemisphere Dept.DcWaIMFBOOK9910788225103321The Stock of Intangible Capital in Canada3741555UNINA