Discussion Paper 33

Estimating Intangible Capital by Industry

Mary O’Mahony1, Thomas Niebel2 and Marianne Saam2

1 Birmingham Business School (BHAM), Birmingham, UK
2 Zentrum fuer Europaeische Wirtschaftsforschung (ZEW), Mannheim, Germany



This paper reports on the estimation of a part of intangible assets, own account organisational capital, by sector for EU countries, as part of the work for the FP7 project INDICSER. It begins with an overview of the methodology employed to construct investment series at current and constant prices, focusing on the data sources, choices of occupation and assumption on wage rates. This is followed by a description of the methodology employed to convert the investment series into capital inputs. In both cases some summary statistics are presented to highlight variation across country and/or industry. In the discussion of methodology, a number of questions are highlighted which are designed to form the basis of the discussion at the meeting.


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Estimating Intangible Capital by Industry

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