Intangible assets and economic well-being: Evidence from state-level data on R&D, human capital, and ICT

Key Points

• Economic well-being is positively associated with intangible assets in state-level analysis, highlighting important connections.
• Key evidence shows that increases in R&D investment and human capital significantly relate to enhanced economic outcomes.
• Observational analysis across various states examines the impact of R&D, human capital, and ICT on economic well-being.
• These findings may enable better strategic decisions regarding investments in intangible assets for future economic growth.