What question did this study set out to answer?

This research aims to compare the production technologies involved in tangible and intangible investments.

Producing Tangible and Intangible Capital

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This analysis compares production technologies of tangible and intangible investments, indicating distinct dependency patterns on labor and inputs.

This research aims to compare the production technologies involved in tangible and intangible investments.
Utilized Bureau of Economic Analysis input-output tables
Analyzed Integrated Industry-Level Production Account (KLEMS) data
Examined the labor and input requirements for both investment types.
Intangible investment primarily relies on domestic, college-educated labor with few imports.
Tangible investment is more dependent on foreign inputs and lower-skill labor.
Expanding intangible capital faces domestic skill bottlenecks, leading to less elastic supply and a wage-intensive subsidy response.

Gomez et al. (2026) studied this question.

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This analysis compares production technologies of tangible and intangible investments, indicating distinct dependency patterns on labor and inputs.