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Finance and Credit
 

The essence and factors of intangible capital (based on World Bank research)

Vol. 16, Iss. 25, JULY 2010

Available online: 16 July 2010

Subject Heading: Economy questions

JEL Classification: 

Ledeneva M.V. candidate of economic sciences, associate professor of chair «Economics and Management», Volzhskiy Institute of Humanities, affiliate of State Educational Institution of Higher Education «Volgograd State University»
m_ledenjova@rambler.ru

In the article on the basis of correlation analysis it proves that the intangible capital interpreted by the World Bank as a human capital, and also the quality of the institutions, supporting the economic activity, actually represents the actual capacities of the country to export non-commodity goods. The huge values of intangible capital in developed countries and the ultra-low value in Russia is due by the trade on the colonial type and the multiplier effect of added value.

Keywords: intangible capital, national wealth, added value, unequal exchange, commodity export

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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