COINVEST

We aim to understand the contributions of intangible investments to innovation, competitiveness, growth and productivity in Europe. Such a project is, we feel, vital to help EU policy formation and deepen our understanding of some of the most crucial questions facing EU economic policy. The reason is simple. Currently, (almost all) intangible investments are either not measured, or treated as an intermediate input into production so they are assumed to produce no durable assets for firms or economies. Does this matter? In practice, most knowledge investments involve intangible spending. And, the Lisbon agenda aims to make the EU