Preliminary estimates for several OECD countries show that firms now invest as much in intangible assets related to innovation (R&D, software, skills, organisational know-how and branding) as they invest in traditional capital such as machinery, equipment and buildings. ................... investment in intangible assets and MFP growth accounted for between two-thirds and three-quarters of labour productivity growth in OECD countries.
From the recent OECD Innovation Strategy 2010, may 27.
Perhaps firms should invest even more - as the Intangible Assets part of the firm most possible is worth more on the market than the Tangible Assets.
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