Intangible Capital and U.S. Economic Growth
Carol Corrado, Charles Hulten and Daniel Sichel
,
3
(
55
)
Review of Income and Wealth
661-685
September
2009
Abstract
Published macroeconomic data traditionally exclude most intangible investment from measured GDP. This situation is beginning to change, but our estimates suggest that as much as $800 billion is still excluded from U.S. published data (as of 2003), and that this leads to the exclusion of more than $3 trillion of business intangible capital stock.
