Foreword; Table of contents; Abbreviations; Executive summary; Introduction and overview:Supporting investment in knowledge-based capital; The rise of knowledge-based capital; Policy analysis and conclusions; References; Chapter 1. Knowledge-based capital, innovation and resource allocation; The KBC-innovation-reallocation nexus; Investment in KBC, reallocation and productivity growth; The role of public policy; Policy reform options for increasing KBC and innovation; Notes; References; Chapter 2. Taxation and knowledge-based capital; Policy context and project objectives. Market failure and productivity arguments for tax relief for R & DEvidence and elements of cross-border tax planning; Metrics and main findings from the QETR model; Notes; References; Chapter 3.Competition policy and knowledge-based capital; Competition and innovation; Competition and intellectual property; Competition policy in the digital economy; Conclusions; References; Chapter 4. Measuring knowledge-based capital; The framework developed by Corrado, Hulten and Sichel; Recent advances and the work of the OECD; Investments in knowledge-based assets are important and growing. Building on recent work to advance the KBC measurement agendaNotes; References; Chapter 5. Knowledge-based capital and upgrading in global value chains; Deriving more value from GVCs: The upgrading of GVC activity; How does KBC support upgrading in GVCs?; An empirical analysis; Policy considerations; Notes; References; Chapter 6. Knowledge networks and markets; Knowledge flows and open innovation strategies; The role of knowledge networks and markets; Markets for intellectual property rights; Knowledge flows through mobile knowledge workers: Potential barriers. Concluding remarks and measurement implicationsNotes; References; Chapter 7. Corporate reporting and knowledge-based capital; Collection and management of IA information; Disclosure of information on intangibles; Uses of intangibles reporting; Political economy of reform; Policy options; Annex 7.A1. Methods of measuring intangibles; Notes; References; Chapter 8. Exploring data-driven innovation as a new source of growth:Mapping the policy issues raised by "big data"; Understanding data and the drivers of their generation and use; The increasing use and value of data across the economy. Mapping the policy opportunities and challengesConclusion; Notes; References.