We model investment options as intangible capital in a production economy in which younger vintages of assets in place have lower exposure to aggregate productivity risk. In equilibrium, physical capital requires a substantially higher expected return than intangible capital.
There’s no escaping the growing interest in environmental, social and corporate governance investing, but not everyone agrees on how to define, measure or report the variety of factors considered under ESG. Professor Laura Starks of the University of Texas McCombs School of Business spoke on the subject in May at the Alternative Investments Conference, sponsored by the Institute for Private Capital. Starks’ keynote speech, highlighted here, examined the knowns and unknowns of ESG investing as well as new regulations that may be coming.
Our American Growth Project examination of skills in the workforce begins with a discussion of why skills are difficult to measure, then moves to a broad look at two ways to estimate the skill level across our Extended Metropolitan Areas.
Nikita Billman (BSBA '21) spent her spring break in Antigua, Guatemala working with the mission From Houses to Homes.
In the latest webinar collaboration with NCGrowth, Entrepreneurship Center Executive Director Vickie Gibbs spoke with three current and former clients of NCGrowth about COVID-19’s impact on small business.
We update an August 2023 piece in which we explain why manufacturing remains essential for economic growth and how manufacturing in the US today incorporates both regional shifts and “stickiness” in traditional strongholds.