This paper investigates trends in intangibles investment since the onset of the COVID-19 pandemic in the United Kingdom. Responses from an online survey show that investment in R&D has dropped substantially for many firms but that over 40% of firms increased their ICT investment, which is likely to reflect the need to facilitate remote working and customer engagement. Industry is a major predictor of the change in intangibles investment. This is consistent with expectations in light of the different effect that measures to contain the pandemic have had across industries.
Harris, R., & Moffat, J. (2022). The impact of the COVID-19 pandemic on the level and distribution of intangibles investment in the UK. Applied Economics Letters, 29(13), 1238-1242. https://doi.org/10.1080/13504851.2021.1954591