Économie et statistiques N° 83/2015 Intangible capital and economic growth: empirical evidence from Luxembourg

This paper is the first effort to analyze the role of intangible capital in contributing to GDP and labor productivity growth in Luxembourg from 1996 to 2012 using the definition and evaluation framework of intangibles from Corrado et al. (2005, 2012), which includes a broader range of assets than the classical national accounting system. The annual average investment in intangible assets is about 2.4 billion euros in Luxembourg from 1995-2012 which represents 8.67 % of GDP and capital stock is estimated to 10.1 billion euros in 2012.