The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Intangible Capital

  • Daniel E. Sichel
Reference work entry


Intangible capital has played an increasingly important role in economic growth, although firm-level financial and national income accounting practices provide little information about intangibles and do not count many purchases of intangible capital as investment.


Economic growth Financial accounting Financial market valuations Growth accounting Information technology Intangible capital Labour productivity National income accounting National Income and Product Accounts (USA) Total factor productivity 

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Daniel E. Sichel
    • 1
  1. 1.