1. Annarosa Pesole, Imperial College London
COINVEST: Competitiveness, Innovation and Intangible Investment in Europe
Brussels
28th January 2010
Annarosa Pesole, Imperial College London
Project funded by the European Commission under the Seventh Framework Programme Grant No

2. Two big questions Activity Effect of that activity
Can we better measure new economy/knowledge economy/innovation activity?
Effect of that activity
What are the effects of this activity on output, productivity, employment etc.

3. Type of intangible investment
Includes the following intangibles
Current treatment in National Accounts
Computerised information
(1) Computer software
(2) Computer databases
Both treated as investment
Innovative property
(1) Scientific R&D
(2) Mineral exploration
(3) Copyright and license costs
(4) New product development costs in the financial industry
(5) New architectural and engineering designs
(6) R&D in social science and humanities
Only (2) and (3) treated as investment
Economic competencies
(1) Brand Equity
(2) Firm-specific human capital
(3) Organisational structure
None of these treated as investment

4. Ratio Intangible/tangible investment

5. Share of investment on GDP, 2006

8. Intangible assets contribution to labour productivity growth:
UK: 0.7 pp over the period MHW(2009)
France: 0.5 pp over the period HMV(2008)
Germany: 0.4 pp over the period HMV(2008)