“The Contribution of Intangible Assets to Economic Growth: How do Estimates Change When Moving from the 1993 SNA to the 2008 SNA?” preprint publication

Ksenia Bobyleva's preprint was published in the WP2 series "Quantitative Analysis in Economics". The paper compares estimates of the contribution of intangible assets to growth within the 1993 SNA and the 2008 SNA. Estimates are made using the KLEMS databases. Data for European countries in the period 1995–2009 the use of the 1993 SNA and the 2008 SNA are compared, as are data for Russia and European countries in the period 2004–2016 using the 2008 SNA
The results show that for most of these countries, accounting for an expanded list of intangible assets has changed the understanding of their role in growth. For Russia, the estimates of have increased since the transition to the 2008 SNA. However, in European countries, the opposite results are observed. For example, for the UK, the inclusion of R&D in sources of growth has reduced the contribution of intangible assets. The paper considers the possible reasons for these differences in the results.

“The Contribution of Intangible Assets to Economic Growth: How do Estimates Change When Moving from the 1993 SNA to the 2008 SNA?”