In today’s ‘knowledge economy’, intangible assets such as research, software, and other intellectual property, are becoming more and more important.
The importance of intangible investment is growing relative to the level of investment in the tangible assets we tend to associate with investment, such as bridges, machinery or power plants. As a result, the role of intangible investment is becoming increasingly important to understanding and forecasting trends in productivity, economic growth and innovation.
Find out more about the importance of intangible investment in the European Winter Economic Forecast 2016 (pp. 53-56)