PPT Slide
Corrado, Hulten, and Sichel
1. Computer software: own use, purchased, and custom software.
2. Computerized databases
Scientific and creative property
3. Science and engineering research and development (costs of new products and
new production processes, usually leading to a patent or license):
4. Mineral exploration (spending for the acquisition of new reserves)
5. Copyright and license costs (spending for the development of entertainment and
artistic originals, usually leading to a copyright or license): Development costs in the motion picture industry, development costs in the radio and television, sound recording, and book publishing industries.
6. Other product development, design, and research expenses (not necessarily leading
to a patent or copyright): New product development costs , new architectural and engineering designs, R&D in social sciences and humanities
7. Brand equity (advertising expenditures and market research for the development of brands and trademarks)
8. Firm-specific human capital (costs of developing workforce skills, i.e., on-the-job training and tuition payments for job-related education)
9. Organizational structure (costs of organizational change and development; company formation expenses)
See Carol A. Corrado, Charles R. Hulten, and Daniel E. Sichel, “Measuring Capital and Technology: An Expanded Framework,” Federal Researve Board, August 2004, and
. . . “Intangible Capital and Economic Growth” NBER Working Paper No. 11948 January 2006