Investment in tangibles has been declining since 1995. Investment in intangibles has been climbing. What's interesting is that intangible investment boosts productivity in some industries, while in o…

Investment in tangibles has been declining since 1995. Investment in intangibles has been climbing. What's interesting is that intangible investment boosts productivity in some industries, while in others, it boosts market power. See this interesting take at Brookings.

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