Stephen Cecchetti, Kim Schoenholtz, 22 February 2018

Investment is shifting from tangible physical assets to intangible goods like software, data, and R&D. This column analyses the impact of this shift on the structure of firm financing. The financial system’s shift from public to private equity is, on the whole, an encouraging reflection of its response to the changing needs of the economy.

Jonathan Haskel, 04 November 2017

Modern companies seem to make three times more revenues with half the tangible assets. In this video, Jonathan Haskel discusses what the move to knowledge investment means. This video was recorded at Imperial College Business School, in November 2017.

Ana Rincon Aznar, Anastasios Saraidaris, Michela Vecchi, Francesco Venturini, 24 April 2014

The importance of innovation activities for productivity growth has long been recognised. However, there are significant differences in the level of intangible investments across developed economies. This column describes how the EU can enhance its productivity growth and close the gap with the US. One such main channel is through investing in intangible assets and absorptive capacity. A second one is increasing production efficiency. Relevant policy recommendations are also discussed.

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