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Mazzucato, Mariana and Shipman, Alan (2014) Accounting for productive investment and value creation. Industrial and Corporate Change, 23 (1). ISSN 1464-3650
Full text not available from this repository.Abstract
The increased size and influence of financial institutions and markets has widened the scope for divergence between value-creation and the value-added measured by national accounts. This paper uses a re-assessment of the concept of value, showing how its creation can be separated from income flows, to examine its potential under- or over-representation in conventional GDP. A revived (and revised) value theory offers new insight into the impact on measured income and growth of structural change (including financial sector growth and offshore outsourcing), and of recent national-accounting reforms including the capitalization of R&D spending.
| Item Type: | Article |
|---|---|
| Schools and Departments: | School of Business, Management and Economics > SPRU - Science Policy Research Unit |
| Subjects: | H Social Sciences |
| Related URLs: | |
| Depositing User: | Users 7386 not found. |
| Date Deposited: | 07 Feb 2014 16:15 |
| Last Modified: | 23 Jul 2014 11:24 |
| URI: | http://sro.sussex.ac.uk/id/eprint/47484 |