Skip to main content Accessibility help
Hostname: page-component-99c86f546-cxxrm Total loading time: 0.844 Render date: 2021-12-06T03:34:38.752Z Has data issue: true Feature Flags: { "shouldUseShareProductTool": true, "shouldUseHypothesis": true, "isUnsiloEnabled": true, "metricsAbstractViews": false, "figures": true, "newCiteModal": false, "newCitedByModal": true, "newEcommerce": true, "newUsageEvents": true }

10 - Do intangibles contribute to productivity growth in East Asian countries? Evidence from Japan and Korea

Published online by Cambridge University Press:  07 January 2017

Dale W. Jorgenson
Harvard University, Massachusetts
Kyoji Fukao
Hitotsubashi University, Tokyo
Marcel P. Timmer
Rijksuniversiteit Groningen, The Netherlands
Get access


Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
The World Economy
Growth or Stagnation?
, pp. 347 - 376
Publisher: Cambridge University Press
Print publication year: 2016

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)


Barnes, Paula, and McClure, Andrew. 2009. “Investments in Intangible Assets and Australia’s Productivity Growth,” Productivity Commission Staff Working Paper.
Basu, Susanto, Fernald, John G., Oulton, Nicholas, and Srinivasan, Sylaja. 2003. “The Case of the Missing Productivity Growth: Or, Does Information Technology Explain Why Productivity Accelerated in the United States but not in the United Kingdom?” In Gertler, Mark and Rogoff, Kenneth (eds.), NBER Macroeconomics Annual. Cambridge, MA: MIT Press, 963.Google Scholar
Bresnahan, Timothy, Brynjolfsson, Erik, and Hitt, Lorin. 2002. “Information Technology, Workplace Organization, and the Demand for Skilled Labor: Firm-Level Evidence,” Quarterly Journal of Economics, 117(1), 339376.CrossRefGoogle Scholar
Chun, Hyunbae, Fukao, Kyoji, Hisa, Shoichi, and Miyagawa, Tsutomu. 2012. “The Measurement of Intangible Investment by Industry and its Role in Productivity Improvements with some Comparative Studies between Japan and Korea,” RIETI Discussion Paper Series 12-e-037.
Chun, Hyunbae and Nadiri, M. Ishaq. 2016. “Intangible Investment and Changing Sources of Growth in Korea,” Japanese Economic Review, 67(1): 5076.CrossRefGoogle Scholar
Corrado, Carol, Haskel, Jonathan, Jona-Lasinio, Cecilia, and Iommi, Massimiliano. 2013. “Innovation and Intangible Investment in Europe, Japan and the US,” Discussion Paper 2013/1, Imperial College Business School.Google Scholar
Corrado, Carol, Hulten, Charles, and Sichel, Daniel. 2005. “Measuring Capital and Technology: An Extended Framework.” In Corrado, Carol, Haltiwanger, John C., and Sichel, Daniel E. (eds.), Measuring Capital in the New Economy. University of Chicago Press, 1146.CrossRefGoogle Scholar
Corrado, Carol, Hulten, Charles, and Sichel, Daniel. 2009. “Intangible Capital and US Economic Growth,” Review of Income and Wealth, 55(3): 658660.CrossRefGoogle Scholar
Crass, Dirk, Licht, Georg, and Peters, Bettina. 2015. “Intangible Assets and Investments at the Sector Level – Empirical Evidence for Germany.” In Bounfour, Ahmed and Miyagawa, Tsutomu (eds.), Intangibles, Market Failure, and Innovation Performance. Switzerland: Springer International Publishing.Google Scholar
Fukao, Kyoji, Miyagawa, Tsutomu, Mukai, Kentaro, Shinoda, Yukio, and Tonogi, Konomi. 2009. “Intangible Investment in Japan: Measurement and Contribution to Economic Growth,” Review of Income and Wealth, 55(3): 717736.CrossRefGoogle Scholar
Fukao, Kyoji, Miyagawa, Tsutomu, Pyo, Hak K., and Rhee, Keun Hee. 2011. “Estimates of Multi-factor Productivity, ICT Contributions and Resource Reallocation Effects in Japan and Korea.” In Mas, Matilde and Stehrer, Robert (eds.), Industrial Productivity in Europe: Growth and Crisis. Cheltenham, UK: Edward Elgar Publishing.Google Scholar
Gil, Valentina and Haskel, Jonathan. 2008. “Industry-level Expenditure on Intangible Assets in the UK.” See:
Hall, Robert. 2000. “E-Capital: The Link between the Stock Market and the Labor Market in the 1990s,” Brookings Papers on Economic Activity, 73118.
Hall, Robert. 2001. “The Stock Market and Capital Accumulation,” American Economic Review, 91(5): 11851202.CrossRefGoogle Scholar
Inklaar, Robert, O’Mahony, Mary, and Timmer, Marcel. 2005. “ICT and Europe’s Productivity Performance: Industry-level Growth Account Comparisons with the United States,” Review of Income and Wealth, 51(3): 505536.CrossRefGoogle Scholar
Jorgenson, Dale, Ho, Mun, and Stiroh, Kevin. 2005. Information Technology and the American Growth Resurgence. Cambridge, MA: MIT Press.Google Scholar
McGrattan, Ellen, and Prescott, Edward C.. 2005. “Expensed and Sweat Equity,” Federal Reserve Bank of Minneapolis, Working Paper, no. 636.
McGrattan, Ellen, and Prescott, Edward C.. 2010. “Unmeasured Investment and the Puzzling US Boom in the 1990s,” American Economic Journal: Macroeconomics, 2(1): 88123.Google Scholar
Miyagawa, Tsutomu, and Hisa, Shoichi. 2013. “Estimates of Intangible Investment by Industry and Productivity Growth in Japan,” Japanese Economic Review, 64(1): 4272.CrossRefGoogle Scholar
Miyagawa, Tsutomu, and Kim, YoungGak. 2008. “Measuring Organizational Capital in Japan: An Empirical Assessment Using Firm-Level Data,” Seoul Journal of Economics, 21(1): 171193.Google Scholar
Miyagawa, Tsutomu, and Takizawa, Miho. 2011. “Productivity Differences between Japan and Korea and the Role of Intangible Assets.” In Asako, Kazumi, Iiduka, Nobuo, and Miyagawa, Tsutomu (eds.), Great Recessions in the Global Economy and Business Cycle Analysis. The University of Tokyo Press (in Japanese).Google Scholar
Niebel, Thomas, O’Mahony, Mary, and Saam, Marianne. 2013. “The Contribution of Intangible Assets to Sectoral Productivity Growth in the EU,” ZEW Discussion Paper, No. 13–062.
OECD. 2013. New Sources of Economic Growth. Paris: OECD Publishing.PubMed
Ooki, Eiichi. 2003. “Performance-based Wage Systems and Vocational Education/Training Investment (Gyoseki-shugi to Kyoiku Kunren Toshi).” In Konno, K. (ed.), Implications of Performance-based Wage Systems for Individuals and Organizations (Ko to Soshiki no Seikashugi). Tokyo: Chuo Keizai Sha (in Japanese).Google Scholar
Pyo, Hak K. 2002. A Study on Indirect Estimation of Intangible Assets. Korea National Statistical Office Report (in Korean).Google Scholar
Pyo, Hak K., Chun, Hyunbae, and Rhee, Keun Hee. 2010. “The Productivity Performance in Korean Industries (1990–2008): Estimates from KIP Database.” Presented at RIETI/COE Hi-Stat International Workshop on Establishing Industrial Productivity Database for China (CIP), India (IIP), Japan (JIP), and Korea (KIP), October 22.
Robinson, Patricia, and Shimizu, Norihiko. 2006. “Japanese Corporate Restructuring: CEO Priorities as a Window on Environmental and Organizational Change,” The Academy of Management Perspectives, 20(3): 4475.CrossRefGoogle Scholar
van Ark, Bart. 2004. “The Measurement of Productivity: What Do the Numbers Mean?” In Gelauff, George, Klomp, Luuk, Raes, Stephan, and Roelandt, Theo (eds.), Fostering Productivity: Patterns, Determinants and Policy Implications. Amsterdam: Elsevier.Google Scholar

Send book to Kindle

To send this book to your Kindle, first ensure is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about sending to your Kindle.

Note you can select to send to either the or variations. ‘’ emails are free but can only be sent to your device when it is connected to wi-fi. ‘’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats

Send book to Dropbox

To send content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about sending content to Dropbox.

Available formats

Send book to Google Drive

To send content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about sending content to Google Drive.

Available formats