BOARD ON SCIENCE, TECHNOLOGY AND ECONOMIC POLICY …

BOARD ON SCIENCE, TECHNOLOGY AND ECONOMIC POLICY

                               In cooperation with the

                 COMMITTEE ON NATIONAL STATISTICS

                               Intangible Assets:
                     Measuring and Enhancing Their
          Contribution to Corporate Value and Economic Growth

                      National Academy of Sciences Lecture Room
                                  2100 C Street, NW
                                   Washington, DC

                               Monday, 23 June 2008

8:30   Welcome               Stephen Merrill, STEP

8:35   Keynote               Hon. Jeff Bingaman, U.S. Senate (D-NM)

8:50   Introduction          Hon. Cynthia Glassman, Under Secretary for Economic
                                   Affairs, U.S. Department of Commerce
                                   Innovation measurement ­ 2008 Report of the
                                   Secretary's Advisory Committee

9:20   Panel I               Introduction to Intangible Assets
                                   · What are they? How do they work? What is the
                                       production paradigm (in contrast to industrial
                                       age economies of scope and scale)? Is it
                                       important to reconcile the many different
                                       taxonomies of intangible assets?

                             Moderator: Kenneth Flamm, University of Texas-Austin

                             Presenters:
                             Irving Wladawsky-Berger, IBM and MIT
                             Charles Hulten, University of Maryland

10:15 Break




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10:30 Panel II      Macroeconomic Implications of Intangibles
                         · How do intangibles contribute to GDP and
                             productivity in the United States compared to
                             other industrial countries in which efforts have
                             been made to estimate them? How significant
                             are international flows of intangible assets?

                    Moderator: Kenneth Flamm, University of Texas-
                                Austin

                    Presenters:
                    Carol Corrado, The Conference Board
                    Jonathan Haskel, Queen Mary College, University
                           of London
                    Kyoji Fukao, Hitotsuboshi University and RIETI
                    Brent Moulton, Bureau of Economic Analysis,
                           Department of Commerce

12:15 Lunch Break

1:00 Panel III      Intangibles in the Firm and Financial Markets
                           · How are intangibles created and utilized by
                              firms? How do intangibles operate in financial
                              markets? What efforts are being made to
                              capture intangibles in accounting and company
                              valuation?

                    Moderator: Martin Fleming, Vice President, IBM

                    Presenters:
                    Baruch Lev, New York University Stern School
                    Laurie Bassi, McBassi & Company
                    James Malackowski, Ocean Tomo
                    Ron Bossio, Financial Accounting Standards Board



2:45   Break

3:00   Panel IV     Intangibles and the Government: Part One
                           · What are the priorities of the statistical
                              agencies for collecting better data on
                              intangibles and incorporating them in broader
                              measures of economic performance?




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                           Moderator: Jonathan Haskel

                           Presenters:
                           Steve Landefeld, Bureau of Economic
                                        Analysis, Department of Commerce
                           John Jankowski, Science Resources
                                        Statistics Division, National Science
                                        Foundation

4:00   Panel V             Intangibles and the Government: Part Two
                                  · What are the size and composition of public
                                     investments in intangibles? What should the
                                     government do to encourage company creation
                                     of intangibles? What should be the
                                     government's role in creating or supporting
                                     more robust markets in intangibles? What are
                                     other governments doing in these respects?

                           Moderator:    Michael Mandel, BusinessWeek

                           Presenters:
                           Ahmed Bounfour, Paris-Sud University
                           Douglas Lippoldt, Organization for Economic
                                  Cooperation and Development (OECD)
                           Nir Kossovsky, Steel City Re
                           Kenan Jarboe, Athena Alliance



5:45   Adjourn for Reception




The National Academies are grateful to the Bureau of Economic Analysis of the U.S.
  Department of Commerce and the Science Resources Statistics Division of the
          National Science Foundation for their support of this activity.




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