Measuring Intangible Assets in an Emerging Market Economy : An Application to Brazil
This paper measures intangible investment in Brazil. It estimates that during 2000-2008, annual business spending on intangible assets or knowledge-based capital in Brazil averaged about 4 percent of gross domestic product. While this is significan...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2012/07/16530073/measuring-intangible-assets-emerging-market-economy-application-brazil http://hdl.handle.net/10986/11972 |
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okr-10986-11972 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ADVANCED ECONOMIES ADVERTISING AFFILIATED ORGANIZATIONS AGRICULTURE ASSET CLASS AVAILABILITY OF DATA BENCHMARK BUSINESS ENVIRONMENT BUSINESS INVESTMENT BUSINESS SECTOR CAPABILITIES CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL FORMATION CAPITAL INVESTMENT CAPITAL STOCK CAPITAL STOCKS CAPITAL STRUCTURE COMMERCE COMPARATIVE ADVANTAGE COMPETITIVENESS COMPUTERS CONSUMER PRICE INDEX COPYRIGHT COPYRIGHTS CUSTOM DATA AVAILABILITY DATA LIMITATIONS DEBT DEFLATORS DEPRECIATION DERIVATIVE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISCOUNTED VALUE ECONOMIC ACTIVITY ECONOMIC RESEARCH ECONOMIC THEORY EMERGING MARKET EMERGING MARKET ECONOMY EQUIPMENT EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL ASSETS FINANCIAL MARKETS FINANCIAL PRODUCT FINANCIAL PRODUCT DEVELOPMENT FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRIES FINANCIAL SERVICES INDUSTRY FIXED ASSETS FIXED CAPITAL GDP GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS VALUE GROWTH POLICIES GROWTH RATE GROWTH THEORY HUMAN CAPITAL ICT INCOME INDUSTRIAL ECONOMICS INDUSTRIAL STRUCTURE INFLATION INFORMATION SYSTEMS INNOVATION INSTRUMENT INTANGIBLE INTANGIBLE ASSET INTANGIBLE ASSETS INTANGIBLES INTELLECTUAL CAPITAL INTERNATIONAL BANK INTERNATIONAL COMPARISON INVESTING INVESTMENT PATTERNS KNOWLEDGE ECONOMY LABOR MARKET LICENSE MANUFACTURING MANUFACTURING INDUSTRIES MARKET FAILURES MARKET RESEARCH MARKETING MIDDLE INCOME COUNTRIES MISSING DATA MOTION PICTURE MOTION PICTURES NATIONAL INCOME NATURAL CAPITAL NATURAL RESOURCES NEW PRODUCT NEW PRODUCTS OPEN ACCESS ORGANIZATIONAL CAPITAL ORGANIZATIONAL STRUCTURE ORGANIZATIONAL STRUCTURES OUTPUT OUTPUT PER CAPITA OUTPUTS PARTICULAR COUNTRY PATENTS PHYSICAL ASSETS POLICY RESPONSE PRIVATE INVESTMENT PRIVATE SECTOR PRODUCTION FUNCTION PRODUCTION PROCESSES PRODUCTIVITY GROWTH R&D R&D SERVICES RADIO RATE OF GROWTH REGISTRY RESERVES RESULT RESULTS RETURNS SCIENCE FOUNDATION SECURITIES SMALL ENTERPRISES STOCK MARKET TAX TAX CREDIT TECHNOLOGICAL INNOVATION TELECOM TELEVISION TOTAL FACTOR PRODUCTIVITY UNDERVALUATION USES VALUE ADDED WAGES WEALTH WEB WORLD DEVELOPMENT INDICATORS WORLD ECONOMY |
| spellingShingle |
ACCOUNTING ADVANCED ECONOMIES ADVERTISING AFFILIATED ORGANIZATIONS AGRICULTURE ASSET CLASS AVAILABILITY OF DATA BENCHMARK BUSINESS ENVIRONMENT BUSINESS INVESTMENT BUSINESS SECTOR CAPABILITIES CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL FORMATION CAPITAL INVESTMENT CAPITAL STOCK CAPITAL STOCKS CAPITAL STRUCTURE COMMERCE COMPARATIVE ADVANTAGE COMPETITIVENESS COMPUTERS CONSUMER PRICE INDEX COPYRIGHT COPYRIGHTS CUSTOM DATA AVAILABILITY DATA LIMITATIONS DEBT DEFLATORS DEPRECIATION DERIVATIVE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISCOUNTED VALUE ECONOMIC ACTIVITY ECONOMIC RESEARCH ECONOMIC THEORY EMERGING MARKET EMERGING MARKET ECONOMY EQUIPMENT EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL ASSETS FINANCIAL MARKETS FINANCIAL PRODUCT FINANCIAL PRODUCT DEVELOPMENT FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRIES FINANCIAL SERVICES INDUSTRY FIXED ASSETS FIXED CAPITAL GDP GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS VALUE GROWTH POLICIES GROWTH RATE GROWTH THEORY HUMAN CAPITAL ICT INCOME INDUSTRIAL ECONOMICS INDUSTRIAL STRUCTURE INFLATION INFORMATION SYSTEMS INNOVATION INSTRUMENT INTANGIBLE INTANGIBLE ASSET INTANGIBLE ASSETS INTANGIBLES INTELLECTUAL CAPITAL INTERNATIONAL BANK INTERNATIONAL COMPARISON INVESTING INVESTMENT PATTERNS KNOWLEDGE ECONOMY LABOR MARKET LICENSE MANUFACTURING MANUFACTURING INDUSTRIES MARKET FAILURES MARKET RESEARCH MARKETING MIDDLE INCOME COUNTRIES MISSING DATA MOTION PICTURE MOTION PICTURES NATIONAL INCOME NATURAL CAPITAL NATURAL RESOURCES NEW PRODUCT NEW PRODUCTS OPEN ACCESS ORGANIZATIONAL CAPITAL ORGANIZATIONAL STRUCTURE ORGANIZATIONAL STRUCTURES OUTPUT OUTPUT PER CAPITA OUTPUTS PARTICULAR COUNTRY PATENTS PHYSICAL ASSETS POLICY RESPONSE PRIVATE INVESTMENT PRIVATE SECTOR PRODUCTION FUNCTION PRODUCTION PROCESSES PRODUCTIVITY GROWTH R&D R&D SERVICES RADIO RATE OF GROWTH REGISTRY RESERVES RESULT RESULTS RETURNS SCIENCE FOUNDATION SECURITIES SMALL ENTERPRISES STOCK MARKET TAX TAX CREDIT TECHNOLOGICAL INNOVATION TELECOM TELEVISION TOTAL FACTOR PRODUCTIVITY UNDERVALUATION USES VALUE ADDED WAGES WEALTH WEB WORLD DEVELOPMENT INDICATORS WORLD ECONOMY Dutz, Mark A. Kannebley, Sérgio Jr. Scarpelli, Maira Sharma, Siddharth Measuring Intangible Assets in an Emerging Market Economy : An Application to Brazil |
| geographic_facet |
Latin America & Caribbean Brazil |
| relation |
Policy Research Working Paper; No. 6142 |
| description |
This paper measures intangible
investment in Brazil. It estimates that during 2000-2008,
annual business spending on intangible assets or
knowledge-based capital in Brazil averaged about 4 percent
of gross domestic product. While this is significantly lower
than comparable rates for the United States, Japan and the
United Kingdom, which hover around 11 percent, it is not too
far below estimates for other developed countries such as
Italy and Spain. Of the total expenditure on intangible
assets in 2006, about 23 percent was spent on computer
software and databases, 43 percent on innovative property
(predominantly research and development and new product
development in financial services), and 34 percent on
economic competencies (which comprises branding, employee
training and organization improvement). Brazil's share
of spending on economic competencies is markedly lower than
that observed in the United States and the United Kingdom,
and the analysis finds it to be the slowest growing of the
major intangible categories. Finally, having extended the
intangible investment estimation methodology to produce more
disaggregated (industry-level) estimates, the authors show
that intangible investment is positively correlated with
recent export growth and total factor productivity estimates
across manufacturing industries. This suggests that
intangible or knowledge-based capital, as measured here, can
account for part of the hitherto unexplained component of
productivity growth. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Dutz, Mark A. Kannebley, Sérgio Jr. Scarpelli, Maira Sharma, Siddharth |
| author_facet |
Dutz, Mark A. Kannebley, Sérgio Jr. Scarpelli, Maira Sharma, Siddharth |
| author_sort |
Dutz, Mark A. |
| title |
Measuring Intangible Assets in an Emerging Market Economy : An Application to Brazil |
| title_short |
Measuring Intangible Assets in an Emerging Market Economy : An Application to Brazil |
| title_full |
Measuring Intangible Assets in an Emerging Market Economy : An Application to Brazil |
| title_fullStr |
Measuring Intangible Assets in an Emerging Market Economy : An Application to Brazil |
| title_full_unstemmed |
Measuring Intangible Assets in an Emerging Market Economy : An Application to Brazil |
| title_sort |
measuring intangible assets in an emerging market economy : an application to brazil |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2012/07/16530073/measuring-intangible-assets-emerging-market-economy-application-brazil http://hdl.handle.net/10986/11972 |
| _version_ |
1764418612524744704 |
| spelling |
okr-10986-119722021-04-23T14:02:58Z Measuring Intangible Assets in an Emerging Market Economy : An Application to Brazil Dutz, Mark A. Kannebley, Sérgio Jr. Scarpelli, Maira Sharma, Siddharth ACCOUNTING ADVANCED ECONOMIES ADVERTISING AFFILIATED ORGANIZATIONS AGRICULTURE ASSET CLASS AVAILABILITY OF DATA BENCHMARK BUSINESS ENVIRONMENT BUSINESS INVESTMENT BUSINESS SECTOR CAPABILITIES CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL FORMATION CAPITAL INVESTMENT CAPITAL STOCK CAPITAL STOCKS CAPITAL STRUCTURE COMMERCE COMPARATIVE ADVANTAGE COMPETITIVENESS COMPUTERS CONSUMER PRICE INDEX COPYRIGHT COPYRIGHTS CUSTOM DATA AVAILABILITY DATA LIMITATIONS DEBT DEFLATORS DEPRECIATION DERIVATIVE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISCOUNTED VALUE ECONOMIC ACTIVITY ECONOMIC RESEARCH ECONOMIC THEORY EMERGING MARKET EMERGING MARKET ECONOMY EQUIPMENT EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL ASSETS FINANCIAL MARKETS FINANCIAL PRODUCT FINANCIAL PRODUCT DEVELOPMENT FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRIES FINANCIAL SERVICES INDUSTRY FIXED ASSETS FIXED CAPITAL GDP GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS VALUE GROWTH POLICIES GROWTH RATE GROWTH THEORY HUMAN CAPITAL ICT INCOME INDUSTRIAL ECONOMICS INDUSTRIAL STRUCTURE INFLATION INFORMATION SYSTEMS INNOVATION INSTRUMENT INTANGIBLE INTANGIBLE ASSET INTANGIBLE ASSETS INTANGIBLES INTELLECTUAL CAPITAL INTERNATIONAL BANK INTERNATIONAL COMPARISON INVESTING INVESTMENT PATTERNS KNOWLEDGE ECONOMY LABOR MARKET LICENSE MANUFACTURING MANUFACTURING INDUSTRIES MARKET FAILURES MARKET RESEARCH MARKETING MIDDLE INCOME COUNTRIES MISSING DATA MOTION PICTURE MOTION PICTURES NATIONAL INCOME NATURAL CAPITAL NATURAL RESOURCES NEW PRODUCT NEW PRODUCTS OPEN ACCESS ORGANIZATIONAL CAPITAL ORGANIZATIONAL STRUCTURE ORGANIZATIONAL STRUCTURES OUTPUT OUTPUT PER CAPITA OUTPUTS PARTICULAR COUNTRY PATENTS PHYSICAL ASSETS POLICY RESPONSE PRIVATE INVESTMENT PRIVATE SECTOR PRODUCTION FUNCTION PRODUCTION PROCESSES PRODUCTIVITY GROWTH R&D R&D SERVICES RADIO RATE OF GROWTH REGISTRY RESERVES RESULT RESULTS RETURNS SCIENCE FOUNDATION SECURITIES SMALL ENTERPRISES STOCK MARKET TAX TAX CREDIT TECHNOLOGICAL INNOVATION TELECOM TELEVISION TOTAL FACTOR PRODUCTIVITY UNDERVALUATION USES VALUE ADDED WAGES WEALTH WEB WORLD DEVELOPMENT INDICATORS WORLD ECONOMY This paper measures intangible investment in Brazil. It estimates that during 2000-2008, annual business spending on intangible assets or knowledge-based capital in Brazil averaged about 4 percent of gross domestic product. While this is significantly lower than comparable rates for the United States, Japan and the United Kingdom, which hover around 11 percent, it is not too far below estimates for other developed countries such as Italy and Spain. Of the total expenditure on intangible assets in 2006, about 23 percent was spent on computer software and databases, 43 percent on innovative property (predominantly research and development and new product development in financial services), and 34 percent on economic competencies (which comprises branding, employee training and organization improvement). Brazil's share of spending on economic competencies is markedly lower than that observed in the United States and the United Kingdom, and the analysis finds it to be the slowest growing of the major intangible categories. Finally, having extended the intangible investment estimation methodology to produce more disaggregated (industry-level) estimates, the authors show that intangible investment is positively correlated with recent export growth and total factor productivity estimates across manufacturing industries. This suggests that intangible or knowledge-based capital, as measured here, can account for part of the hitherto unexplained component of productivity growth. 2012-12-11T22:48:12Z 2012-12-11T22:48:12Z 2012-07 http://documents.worldbank.org/curated/en/2012/07/16530073/measuring-intangible-assets-emerging-market-economy-application-brazil http://hdl.handle.net/10986/11972 English en_US Policy Research Working Paper; No. 6142 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Brazil |