derived come from responses to questions about how much firms pay to train workers and about the opportunity cost of that time. Corrado noted that depreciation also has to be taken into account. If the process is modeled, one may observe very short lives for knowledge capital.
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3 Macroeconomic Implications of Intangible Assets ."
Intangible Assets: Measuring and Enhancing Their Contribution to Corporate Value and Economic Growth: Summary of a Workshop . Washington, DC: The National Academies Press,
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