National accounting for intangible assets in the knowledge economy
Purpose - The purpose of this paper is to review the issues, difficulties, importance for public policy and current initiatives associated with developing a more comprehensive national accounting framework in relation to public and private sector investments in intangible assets.Design methodology a...
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Published in | Journal of financial regulation and compliance Vol. 18; no. 2; pp. 106 - 119 |
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Main Author | |
Format | Journal Article |
Language | English |
Published |
London
Emerald Group Publishing Limited
11.05.2010
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Subjects | |
Online Access | Get full text |
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Summary: | Purpose - The purpose of this paper is to review the issues, difficulties, importance for public policy and current initiatives associated with developing a more comprehensive national accounting framework in relation to public and private sector investments in intangible assets.Design methodology approach - The paper analyses and evaluates the most salient statistics on intangible asset investments and the implications for public and private sector policy makers.Findings - The UK economy has a high representation of firms and activities that invest in intangible assets that are not traditionally included in national accounts and that their exclusion has a significant impact on the UK's apparent growth and productivity performance.Originality value - The paper discusses a range of measurement and other difficulties in significantly developing a comprehensive national accounting framework that fully incorporates the impact of intangible asset investments upon national growth and productivity metrics. |
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Bibliography: | href:13581981011033970.pdf original-pdf:3110180202.pdf ark:/67375/4W2-V8CB9LG4-9 istex:D5B27D94A3477BD2F3B8A3F294ABE77B4A92E6BB filenameID:3110180202 |
ISSN: | 1358-1988 1740-0279 |
DOI: | 10.1108/13581981011033970 |