capital

Publication date: 24 Jul 2019 | Publication type: National Institute Economic Review | External authors: Martin, J | JEL classification: E22, J24, O34, M53 | Journal: National Institute Economic Review Issue 249 | Publisher: Sage Publications, London
Only half of investment by firms is in physical capital, such as buildings and machinery. The other half is in intangible assets, such as branding, software and training. This has been true for the past two decades or more in the UK, but only if you step beyond the measures in the National Accounts...
Publication date: 6 Feb 2019 | Publication type: National Institute Economic Review | Theme: Trade, Investment & Productivity | External authors: Wales, P | JEL classification: J24, E24, D24 | Journal: National Institute Economic Review Issue 247 | Publisher: Sage Publications, London
The UK’s recent productivity performance has been strikingly weak. Output per hour worked, which increased by around 2.1 per cent per year in the decade leading up to the economic downturn, increased by just 0.2 per cent per year in the ten years following the global financial crisis. This paper...
Publication date: 9 Nov 2009 | Publication type: NIESR Discussion Paper | Authors: Rincon-Aznar, A | JEL classification: E22, E23, D24, O47, L6, L7, L8 | NIESR discussion paper number: 347
We employ the EU KLEMS database to estimate the real rate of return to capital in 14 countries (11 in the EU, three outside the EU) in 10 branches of the market economy plus the market economy as a whole. Our measure of capital is an aggregate over seven types of asset: three ICT assets and four...