The patterns of the investment in intangible assets

Abstract

Research limitations/implications – Statistics department of Lithuania measures the percentage of investment in Research and Development as a share of Gross Domestic Product. This indicator alone should not be used to identify the investment level in intangible assets in Lithuania, therefore adopted model, which includes various indicators, should be used to grasp real situation in the country. The challenge arise with macro data availability. Data limitation could affect benchmarking chances. Practical implications – Investment in intangible assets valuation model would allow to benchmark Lithuania’s economy with countries such as United States, Denmark, Sweden and Japan. Originality/Value – Lithuania’s policies regarding intangible assets follows traditional theories, therefore it is very important to identify the level of intangible investments, not recorded in the accounting books and define its impact on the economic effectiveness.