Intangible assets and productivity growth explained
Автор: UNSW Business School
Загружено: 2024-12-04
Просмотров: 115
Intangible assets now outpace tangible investments in driving productivity growth and shaping economic trends.
In this interview with Kevin Fox, Professor of Economics at UNSW Business School, Jonathan Haskel, Professor of Economics at Imperial College London, explains how intangible assets are transforming economic growth. Professor Haskel, who spoke at the UNSW Sydney-Economic Statistics Centre of Excellence (ESCoE) Conference on Economic Measurement 2024, highlighted the shift from traditional tangible investments like vehicles and buildings to intangible assets such as software, marketing strategies, and innovative processes, which are now the primary drivers of competitive advantage and productivity growth.
Professors Fox and Haskel alsodiscuss the need for businesses and policymakers to adapt management accounting practices and understand the broader impact of intangible assets on national income accounting and GDP reporting. For the full story please visit https://www.businessthink.unsw.edu.au....
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