Advancements in measuring intangibles for European economies

This paper provides an overview of the methods developed so far to measure intangible assets and to evaluate their contribution to economic growth. We review the work carried out under the INTAN-Invest research collaboration and the SPINTAN EU Funded project to generate cross-country estimates of intangible investments coherent with the Corrado, Hulten and Sichel (2005) model. We also provide a summary of recent empirical evidence on the role of intangible capital as a driver of growth across industries and sectors in European countries and the US as an illustration of uses of the intangibles assets data.