Goodridge, Haskel and Mitra-Kahn (2012)
|Goodridge, Haskel and Mitra-Kahn (2012)|
|Title:||Updating the value of UK copyright investment|
|Author(s):||Goodridge, P., Haskel, J., Mitra-Kahn, B.|
|Citation:||Goodridge, P., Haskel, J. & Mitra-Kahn, B. (2012) Updating the value of UK copyright investment, IPO, 2012|
|Link(s):||Definitive , Open Access|
|Key Related Studies:|
|About the Data|
|Data Description:||The study seeks to measure the value of copyright using two main approaches:
The study uses this method to estimate investment in other assets including photography, choreographed routines and artwork.
|Data Type:||Secondary data|
|Secondary Data Sources:|
|Data Collection Methods:|
|Data Analysis Methods:|
|Cross Country Study?:||No|
|Government or policy study?:||Yes|
|Time Period(s) of Collection:||
The role of intangible assets in the System of National Accounts (SNA) reflects the growing role of knowledge investment in firms and the economy. Software and copyright assets (artistic originals) were included in the SNA in 1992, and the UK fully reflected the software change in 2007
Research and Development will be included in the SNA, first as a satellite account, in the next three years, and ONS has already started work on the compilation.
This note reports on collaboration between Imperial College, the Office for National Statistics (ONS), the Intellectual Property Office (IPO), and industry sources to improve measurement of UK investment in artistic originals. We focus on creation of long-lived artistic original assets protected by copyright, as defined by the SNA. This includes new broadcast programmes, books, art, music and films. Investment is part of final Gross Domestic Product (GDP) and copyright works are assets that contribute to economic growth, so we have developed the framework to account for copyright investment, as reported by Goodridge and Haskel in July 2011.
This update to the work suggests that UK investment in copyright was approximately £5.1bn in 2009, or £3.2bn higher (0.3% of Gross Value Added (GVA) higher4) than existing official data recorded in the UK National Accounts, for the comparable series on pure copyright investment.
Main Results of the Study
UK investment in copyright was approximately £5.1bn in 2009, or £3.2bn higher (0.3% of Gross Value Added (GVA) higher than existing official data recorded in the UK National Accounts, for the comparable series on pure copyright investment.
Policy Implications as Stated By Author
Coverage of Study
|Level of aggregation:||Industries|
|Period of material under study:||2009|