LEADER 04067oam 22010814 450 001 9910788225103321 005 20230721045709.0 010 $a1-4623-4567-0 010 $a1-282-84447-4 010 $a9786612844478 010 $a1-4527-7831-0 010 $a1-4518-7397-2 035 $a(CKB)3170000000055369 035 $a(SSID)ssj0000939938 035 $a(PQKBManifestationID)11512676 035 $a(PQKBTitleCode)TC0000939938 035 $a(PQKBWorkID)10945927 035 $a(PQKB)10780416 035 $a(OCoLC)680614168 035 $a(MiAaPQ)EBC1605940 035 $a(IMF)WPIEE2009250 035 $a(EXLCZ)993170000000055369 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Stock of Intangible Capital in Canada : $eEvidence from the Aggregate Value of Securities /$fNazim Belhocine 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a28 p. $cill 225 1 $aIMF Working Papers 300 $a"November 2009." 311 $a1-4519-1811-9 330 3 $aThis paper measures the size of the stock of intangible capital in Canada using newly released data on the market value of all securities in the economy. The approach taken relies on a quantitative application of the q-theory of investment to generate the quantity of capital owned by firms. I find that the intangible capital stock accounted for approximately 30% of overall capital since 1994. Of this intangible capital stock, the R&D reported by national accounts makes up only 23%. In addition, the finding on the magnitude of the intangible capital stock is comparable to that reported using a cost approach, confirming the size and the relevance of intangibles to macroeconomic models. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/250 606 $aCapital market$zCanada 606 $aSecurities$zCanada 606 $aInvestments: General$2imf 606 $aInvestments: Stocks$2imf 606 $aMacroeconomics$2imf 606 $aInvestment$2imf 606 $aCapital$2imf 606 $aIntangible Capital$2imf 606 $aCapacity$2imf 606 $aPension Funds$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aGeneral Aggregative Models: General$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aInvestment & securities$2imf 606 $aIntangible capital$2imf 606 $aStocks$2imf 606 $aNational accounts$2imf 606 $aDepreciation$2imf 606 $aSecurities$2imf 606 $aSaving and investment$2imf 606 $aNational income$2imf 606 $aFinancial instruments$2imf 607 $aCanada$xEconomic policy 607 $aCanada$2imf 615 0$aCapital market 615 0$aSecurities 615 7$aInvestments: General 615 7$aInvestments: Stocks 615 7$aMacroeconomics 615 7$aInvestment 615 7$aCapital 615 7$aIntangible Capital 615 7$aCapacity 615 7$aPension Funds 615 7$aNon-bank Financial Institutions 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aGeneral Aggregative Models: General 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aInvestment & securities 615 7$aIntangible capital 615 7$aStocks 615 7$aNational accounts 615 7$aDepreciation 615 7$aSecurities 615 7$aSaving and investment 615 7$aNational income 615 7$aFinancial instruments 700 $aBelhocine$b Nazim$01087661 712 02$aInternational Monetary Fund.$bWestern Hemisphere Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788225103321 996 $aThe Stock of Intangible Capital in Canada$93741555 997 $aUNINA