Series: IMF Working Papers
Author(s): Nazim Belhocine
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2010
Keywords: Intangible Investment, Q-Theory, Skill Premium, Investment Deflator, capital stock, investment goods, cost of capital, skilled workers, Financial Markets and the Macroeconomy,
This paper extends the q-theory of investment to model explicitly the decision of firms to invest in intangibles and measures the contribution of intangible goods to the overall capital stock in the U.S. The model...