Friday, 21 February 2014

Is there low investment in UK? Not if you include intangible investment.

Is there very low investment in UK? Not if you include intangible investment.  Haskel and Westlake in the Economist Free Exchange.



2 comments:

  1. Very interesting.

    Does this mitigate at all the ONS data this week on the collapse of UK productivity *relative* to peers? i.e. that exclusion of intangibles in UK GVA also implies that UK GVA/hour is *relatively* understated.

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  2. Thanks very much. No, I don't think so, because other econs are investing in intang too. but is part of the story, since we invest more than others. If you are interested, more here:
    Haskel J, Corrado C, Jona-Lasinio C, et al., 2013, Innovation and Intangible Investment in Europe, Japan and the United States, Oxford Review of Economic Policy, Vol:29

    and www.intan-invest.net.
    many thx! JH

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