Intangible Assets in the Global Economy
Better Data for Better Policy
Intangible assets are increasingly significant in innovation performance, both within individual companies and at a national level. Despite their pivotal role in driving innovation, productivity and competitiveness, our understanding of the size, impact and composition (including R&D, human capital, know-how, design, data) of intangible assets remains limited.
To address these knowledge gaps, we need access to better statistics to understand the dynamics within companies and sectors, and to improve pro-growth policies. Better metrics are also needed to improve innovation finance, including work on intellectual property-backed innovation finance initiatives.
To address these goals, the Luiss Business School and the World Intellectual Property Organization (WIPO) have formed a partnership with prominent international scholars and institutions. The results of this partnership will be released annually via the WIPO-Luiss Global Intangible Investment Highlights, highlighting the key trends in intangible investment, as well as via the Global INTAN-Invest Database.
The first release of our results will take place in Rome on 6-7 May 2024 at the inaugural WIPO – Luiss Global INTAN-Invest Conference.
The conference will be held in a hybrid format. Due to the limited number of places, please register by 29 April 2024 to attend in person, using this registration form.
To access the conference online, please use this link: WIPO-Luiss 1st Global INTAN-Invest Conference
AGENDA
6 May
12:00 – 13:30 Registration and light lunch
13:30 – 13:40 Welcome
Raffaele Oriani, Dean, Luiss Business School and Full Professor of Corporate Finance, Italy
Marco M. Alemán, Assistant Director General, IP and Innovation Ecosystems Sector (IES), World Intellectual Property Organization (WIPO)
13:40 – 13:50 Introduction
Cecilia Jona-Lasinio, Full Professor, Luiss Business School, Italy
Carsten Fink, Chief Economist, Department for Economics and Data Analytics (DEDA), IES, WIPO
13:50 – 14:50 Keynote: Global INTAN-Invest: Innovation Data for the Global Economy
Chair: Giuseppe Nicoletti, Senior Fellow, Luiss Lab of European Economics (LLEE), Italy
Keynote speaker: Carol Corrado, Senior Policy Scholar, Georgetown University, United States of America
Commentator 1: Jim Tebrake, Deputy Director, Statistics Department, International Monetary Fund (IMF) Commentator 2: Carsten Fink, Chief Economist, WIPO
Q&A session
14:50 – 15:20 Coffee break
15:20 – 16:50 Session 1 – Advancements in intangibles & productivity analysis in emerging economies
Chair: Anmol Kaur Grewal, Research Fellow, Composite Indicator Research Section (CIRS), DEDA, IES, WIPO Filippo Bontadini, Assistant Professor in Applied Economics, Luiss University, Italy
– Intangible assets in India, complementing national accounts for productivity analysis
Abdul Azeez Erumban, Assistant Professor, Faculty of Economics and Business, University of Groningen, The Netherlands
– Measuring intangible investment in India using firm-level data
Harry Wu, Professor of Economics, Peking University, China
– A preliminary measure of intangibles in the Chinese economy
Commentator 1: Rodrigo Ventura, Chief Economist, Instituto Nacional da Propriedade Industrial (INPI), Brazil
Commentator 2: Lukovi Seke, Programme Officer, Data Management, African Union Development Agency (AUDA-NEPAD)
Q&A session
16:50 – 17:00 Wrap-up
Matteo Caroli, Associate Dean for Sustainability and Impact, Luiss Business School, Italy
19:00 – 21:00 Cocktail hour and dinner at Villa Blanc
7 May
8:30 – 9:00 Welcome coffee
9:00 – 10:00 Keynote: Interpreting productivity data during and since the pandemic: Real-time challenges for policymakers
Chair: Bart Van Ark, Professor of Productivity Studies, Alliance Manchester Business School (AMBS), University of Manchester, United Kingdom
Keynote speaker: John Fernald, Professor of Economics, Institut Européen d’Administration des Affaires (INSEAD), France
Commentator 1: Åsa Johansson, Deputy Director, Statistics and Data Directorate, Organisation for Economic Co-operation and Development (OECD)
Commentator 2: Roberta De Santis, Research Director, Department of Data Analysis and Economic, Social and Environmental Research, Italian National Institute of Statistics (ISTAT), Italy
Q&A session
10:00 – 10:30 Coffee break
10:30 – 12:00 Session 2: Quarterly productivity accounts with intangibles
Chair: Mary O’Mahony, Professor of Applied Economics, King’s Business School, United Kingdom
Massimiliano Iommi, Research Fellow, Luiss Lab of European Economics and Italian Statistical Institute, Italy
– Measuring Quarterly Investment in Intangible Assets in the EU, the UK and the US
Josh Martin, Monetary Policy Adviser, Bank of England, United Kingdom
– Quarterly estimates of intangible investment in the UK
Angelos Alexopoulos, Assistant Professor, Department of Economics, Athens University of Economics and Business, Greece
– A machine learning approach to construct quarterly data on intangible investment of Eurozone
Commentator 1: Jeffrey Barnett, Chief, Expenditure and Income Division, Bureau of Economic Analysis (BEA), United States of America
Commentator 2: Catherine Van Rompaey, Program Manager, National Accounts and Business Statistics, World Bank
Q&A session
12:00 – 13:30 Light lunch
13:30 – 14:45 Panel session: Global INTAN-Invest: Better Data for Better Policy
Chair: Sacha Wunsch-Vincent, Head, Section, DEDA, IES, WIPO
Panelists:
Rena Lee, Chief Executive, Intellectual Property Office of Singapore (IPOS), Singapore
Unnat P. Pandit, Registrar of Copyrights, Controller General of Patents, Designs & Trademarks, Copyright Office of India, India
Maria Garza, Chairperson, International Chamber of Commerce, Mexico
Adam Williams, Chief Executive, Intellectual Property Office, United Kingdom
Emanuela Barbi, Head of Corporate IP Governance, Leonardo Spa, Italy
14:45 – 15:00 Closing remarks
Stefano Manzocchi, Deputy Rector, Research, Luiss University, Italy
