Last year, Athena Alliance helped organize a conference on Intangible Assets: Measuring and Enhancing Their Contribution to Corporate Value and Economic Growth. This one day conference was hosted by the National Academies’ Board on Science, Technology and Economic Policy (STEP), in cooperation with the Committee on National Statistic and sponsored by the Commerce Department’s Bureau of Economic Analysis. It focused on discussions of what are intangibles and how they work, how intangible investments compare and contribute to growth, how intangibles are created and used by firms, and what the government’s role should be in supporting markets and promoting investment in intangibles. The conference included remarks from Senator Jeff Bingaman (D-NM) and then Under Secretary of Commerce for Economic Affairs Cynthia Glassman. Presentations came from a number of experts in the field, included Charles Hulten, Carol Corrado, Baruch Lev, James Malackowski, Jonathan Haskel, Steven Landefeld, Ahmed Bounfour, Douglas Lippoldt, Nir Kossovsky, and myself.
The report of the conference is now available — Intangible Assets: Measuring and Enhancing Their Contribution to Corporate Value and Economic Growth: Summary of a Workshop. The report does a good job of capturing this interesting and stimulating discussion. The presentations are also available the STEP Board’s website.