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Suggested Citation:"Committee on National Statistics." National Research Council. 2009. Intangible Assets: Measuring and Enhancing Their Contribution to Corporate Value and Economic Growth. Washington, DC: The National Academies Press. doi: 10.17226/12745.
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COMMITTEE ON NATIONAL STATISTICS

The Committee on National Statistics (CNSTAT) was established in 1972 at the National Academies to improve the statistical methods and information on which public policy decisions are based. The committee carries out studies, workshops, and other activities to foster better measures and fuller understanding of the economy, the environment, public health, crime, education, immigration, poverty, welfare, and other public policy issues. It also evaluates ongoing statistical programs and tracks the statistical policy and coordinating activities of the federal government, serving a unique role at the intersection of statistics and public policy. The committee’s work is supported by a consortium of federal agencies through a National Science Foundation grant. CNSTAT membership, activities, and reports are described at http://www7.nationalacademies.org/cnstat/.

Suggested Citation:"Committee on National Statistics." National Research Council. 2009. Intangible Assets: Measuring and Enhancing Their Contribution to Corporate Value and Economic Growth. Washington, DC: The National Academies Press. doi: 10.17226/12745.
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Suggested Citation:"Committee on National Statistics." National Research Council. 2009. Intangible Assets: Measuring and Enhancing Their Contribution to Corporate Value and Economic Growth. Washington, DC: The National Academies Press. doi: 10.17226/12745.
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Page 107
Suggested Citation:"Committee on National Statistics." National Research Council. 2009. Intangible Assets: Measuring and Enhancing Their Contribution to Corporate Value and Economic Growth. Washington, DC: The National Academies Press. doi: 10.17226/12745.
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Intangible assets--which include computer software, research and development (R&D), intellectual property, workforce training, and spending to raise the efficiency and brand identification of firms--comprise a subset of services, which, in turn, accounts for three-quarters of all economic activity. Increasingly, intangibles are a principal driver of the competitiveness of U.S.-based firms, economic growth, and opportunities for U.S. workers. Yet, despite these developments, many intangible assets are not reported by companies, and, in the national economic accounts, they are treated as expenses rather than investments.

On June 23, 2008, a workshop was held to examine measurement of intangibles and their role in the U.S. and global economies. The workshop, summarized in the present volume, included discussions of a range of policy-relevant topics, including: what intangibles are and how they work; the variety and scale of emerging markets in intangibles; and what the government's role should be in supporting markets and promoting investment in intangibles.

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