View source for Finance:National Intangible Capital

'''National intangible capital''' (NIC) performance for 59 countries 2014 as measured by the ELSS (Edvinsson-Lin-Ståhle-Ståhle) methodology for measuring stock of national intangible capital, economic impacts and efficiency of NIC:<ref name="ELSS">ELSS methodology presented in detail in: Ståhle, P., Ståhle, S. and Lin, C.Y.Y. (2015) ‘Intangibles and national economic wealth – a new perspective on how they are linked’,Journal of Intellectual Capital, 16(1), pp. 20–57. {{doi|10.1108/jic-02-2014-0017}}.</ref> Research is supported as an initiative by The New Club of Paris.<ref>The New Club of Paris http://new-club-of-paris.org/</ref>
* '''NIC index values''' as a measure for stock of country NIC potentials embedded in its national intangible capital
** National Intangible Capital NIC consists of four basic dimensions according to the model by Edvinsson & Malone (1997).<ref>Edvinsson, L. and Malone, M. (1997). Intellectual Capital: Realising Your Company's True Value by Finding its Hidden Brainpower. Harper Collins, New York.</ref> This model has been further developed,<ref>Lin, C.Y.Y. and Edvinsson, L. (2011). National intellectual capital: A comparison of 40 countries, NY: Springer Publishing Co. {{ISBN|978-1-4419-7376-4}}
</ref> now consisting 48 different indicators representing the four main NIC categories:<ref name="ELSS" />
::: ''[[Social:Human capital|Human capital]]'': Capacity and capability of a country population
::: ''Market capital'': Global business attractivity of country
::: ''Process capital'': Operational functionality of the nation
::: ''Renewal capital'': Capacity for knowledge creation, exploitation and innovation
* '''Economic impacts of NIC''' in GDP formation as percentage (%) of GDP, i.e. how much of GDP is depending on and produced by utilizing NIC
* '''Efficiency of NIC''' as output/input ratio, i.e. ratio of percentage impact in GDP per cost of input as percentage of GDP
In further sections national intangible capital NIC and the ELSS methodology is described in detail.

== NIC performance 2014 ==
{| class="wikitable sortable"
|-
! RANK !! Country !! NIC Index !! GDP Impact % !! RANK !! Efficiency !! RANK
|-
|align=center| 1||{{flag|USA}}||8.98||73.80||2||5.77||1
|-
|align=center| 2||{{flag|Singapore}}||8.93||53.23||21||4.83||13
|-
|align=center| 3||{{flag|Sweden}}||8.55||75.74||1||5.73||2
|-
|align=center| 4||{{flag|Denmark}}||8.34||68.82||4||4.72||15
|-
|align=center| 5||{{flag|Switzerland}}||8.24||63.23||6||5.26||4
|-
|align=center| 6||{{flag|Finland}}||8.18||69.43||3||5.01||6
|-
|align=center| 7||{{flag|Luxembourg}}||7.99||61.68||12||4.94||9
|-
|align=center| 8||{{flag|Canada}}||7.83||57.79||17||4.56||16
|-
|align=center| 9||{{flag|Japan}}||7.82||44.29||33||3.83||34
|-
|align=center| 10||{{flag|Lithuania}}||7.80||56.57||18||4.84||12
|-
|align=center| 11||{{flag|Netherlands}}||7.75||62.00||11||4.53||17
|-
|align=center| 12||{{flag|Norway}}||7.66||52.58||25||4.13||26
|-
|align=center| 13||{{flag|Israel}}||7.60||64.27||5||5.01||6
|-
|align=center| 14||{{flag|Hong Kong}}||7.58||62.74||8||5.65||3
|-
|align=center| 15||{{flag|Germany}}||7.57||61.36||13||5.00||8
|-
|align=center| 16||{{flag|Iceland}}||7.44||58.48||16||4.25||23
|-
|align=center| 17||{{flag|United Kingdom}}||7.38||62.69||9||4.74||14
|-
|align=center| 18||{{flag|Australia}}||7.38||59.05||15||4.34||20
|-
|align=center| 19||{{flag|Taiwan}}||7.36||60.80||14||5.18||5
|-
|align=center| 20||{{flag|Belgium}}||7.35||63.20||7||4.86||10
|-
|align=center| 21||{{flag|Qatar}}||7.31||62.15||10||4.86||10
|-
|align=center| 22||{{flag|Austria}}||7.13||53.03||22||4.11||27
|-
|align=center| 23||{{flag|France}}||7.12||49.66||27||3.84||32
|-
|align=center| 24||{{flag|Ireland}}||6.97||56.26||19||4.16||25
|-
|align=center| 25||{{flag|Korea}}||6.94||52.59||24||4.29||22
|-
|align=center| 26||{{flag|New Zealand}}||6.91||50.41||26||4.10||29
|-
|align=center| 27||{{flag|UAE}}||6.70||49.41||28||4.51||18
|-
|align=center| 28||{{flag|Estonia}}||6.12||44.86||32||3.31||50
|-
|align=center| 29||{{flag|Slovenia}}||6.11||43.19||34||4.02||31
|-
|align=center| 30||{{flag|Spain}}||5.94||40.26||41||3.23||52
|-
|align=center| 31||{{flag|Czech Republic}}||5.75||54.31||20||4.18||24
|-
|align=center| 32||{{flag|Italy}}||5.57||38.12||46||3.38||47
|-
|align=center| 33||{{flag|Croatia}}||5.54||45.84||31||3.39||46
|-
|align=center| 34||{{flag|Hungary}}||5.52||46.23||30||3.84||32
|-
|align=center| 35||{{flag|Portugal}}||5.52||38.22||45||3.21||53
|-
|align=center| 36||{{flag|Chile}}||5.46||35.16||53||3.80||35
|-
|align=center| 37||{{flag|Malaysia}}||5.43||41.59||36||3.62||42
|-
|align=center| 38||{{flag|Greece}}||5.29||36.67||50||3.20||54
|-
|align=center| 39||{{flag|Peru}}||5.20||42.30||35||4.46||19
|-
|align=center| 40||{{flag|China}}||5.08||48.54||29||3.77||38
|-
|align=center| 41||{{flag|Poland}}||4.92||52.79||23||4.30||21
|-
|align=center| 42||{{flag|Ukraine}}||4.90||36.77||49||3.79||36
|-
|align=center| 43||{{flag|Brazil}}||4.78||19.69||59||2.29||59
|-
|align=center| 44||{{flag|Russia}}||4.74||40.44||39||4.11||27
|-
|align=center| 45||{{flag|Jordan}}||4.68||38.29||44||3.78||37
|-
|align=center| 46||{{flag|Mexico}}||4.64||34.43||54||3.56||43
|-
|align=center| 47||{{flag|South Africa}}||4.61||37.51||47||3.34||49
|-
|align=center| 48||{{flag|Slovak Republic}}||4.59||40.53||38||3.35||48
|-
|align=center| 49||{{flag|Kazakhstan}}||4.58||40.36||40||3.54||44
|-
|align=center| 50||{{flag|Turkey}}||4.57||39.39||43||3.69||39
|-
|align=center| 51||{{flag|Colombia}}||4.50||32.07||56||3.14||56
|-
|align=center| 52||{{flag|Thailand}}||4.42||39.59||42||3.54||44
|-
|align=center| 53||{{flag|Bulgaria}}||4.38||41.33||37||3.65||41
|-
|align=center| 54||{{flag|India}}||4.32||30.73||58||2.94||58
|-
|align=center| 55||{{flag|Romania}}||4.25||36.62||51||3.24||51
|-
|align=center| 56||{{flag|Argentina}}||4.16||36.61||52||3.68||40
|-
|align=center| 57||{{flag|Philippines}}||4.14||36.87||48||4.04||30
|-
|align=center| 58||{{flag|Indonesia}}||3.72||31.34||57||3.00||57
|-
|align=center| 59||{{flag|Venezuela}}||3.68||32.55||55||3.16||55
|}
(Source: bimac nic 2014 / http://bimac.fi)

== References ==
{{Reflist}}

== External links ==
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* [http://www.nic4nations.com/ National intangible capital NIC / 2016]
* [http://new-club-of-paris.org/ The New Club of Paris]
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[[Category:Capital (economics)]]
[[Category:Gross domestic product]]
[[Category:National accounts]]

{{Sourceattribution|National Intangible Capital}}