Intangible Investment and Firm Performance

This research is partially funded by the Productivity Hub under the Productivity Partnership programme, and by Queensland University of Technology. We would like to thank Lawrence J. White and an anonymous referee for valuable feedback. We also thank participants at an internal Motu seminar, as well as participants at a Productivity Commission of New Zealand workshop for helpful comments. The paper was prepared for a special issue of Review of Industrial Organization in honour of Mike Scherer, edited by David Audretsch, Al Link and John Scott. We thank the editors for the opportunity to participate in the special issue. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.