Intangible investments impact productivity and growth from "summary" of Capitalism without Capital by Jonathan Haskel,Stian Westlake
Intangible investments, such as research and development, software, and branding, play a crucial role in driving productivity and growth in the modern economy. These intangible assets differ from traditional physical assets like machinery or buildings in that they are non-physical and often difficult to quantify on a balance sheet. In today's knowledge-based economy, intangible investments are becoming increasingly essential for firms to remain competitive and innovative. Companies that invest heavily in intangibles are more likely to experience higher productivity levels and ultimately achieve stronger growth rates compared to those that focus solely on tangible assets. Intangible investments have a unique characteristic in that they often have a 'spillover effect,' meaning the benefits of these investments ...
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