An occasional blog on economics. Designed for students and those interested in Economics topics.
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.
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