01770cas a2200241 a 4500 AALejournalIMF006102 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873979 1018-5941 BD-DhAAL BD-DhAAL Belhocine, Nazim. The Stock of Intangible Capital in Canada : Evidence from the Aggregate Value of Securities / Nazim Belhocine. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper measures the size of the stock of intangible capital in Canada using newly released data on the market value of all securities in the economy. The approach taken relies on a quantitative application of the q-theory of investment to generate the quantity of capital owned by firms. I find that the intangible capital stock accounted for approximately 30% of overall capital since 1994. Of this intangible capital stock, the R and D reported by national accounts makes up only 23%. In addition, the finding on the magnitude of the intangible capital stock is comparable to that reported using a cost approach, confirming the size and the relevance of intangibles to macroeconomic models. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2009/250 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/250/001.2009.issue-250-en.xml IMF e-Library