Factor Incomes in Global Value Chains: The Role of Intangibles
Chapter in forthcoming NBER book Measuring and Accounting for Innovation in the 21st Century, Carol Corrado, Jonathan Haskel, Javier Miranda, and Daniel Sichel, organizers
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We would like to thank participants at the NBER/CRIW conference “Measuring and Accounting for Innovation in the 21st Century”, Washington, March 2017, at the IARIW conference, Copenhagen August 2018 as well as at the WIPO experts’ meeting in Geneva, March 2017, for stimulating discussion, in particular (without implicating) Carol Corrado, John Fernald, Carsten Fink and Sacha Wunsch-Vincent. The authors have been consulting for the World Intellectual Property Organisation (WIPO) in 2017. The views expressed are those of the authors, and not (necessarily) of the WIPO. Financial support from the Dutch Science Foundation (NWO) for Marcel Timmer is gratefully acknowledged (grant number 453-14-012). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.