According to the US Bureau of Economic Analysis, “research and development” (R&D) are now considered a fixed investment. The report, released last month, contains GDP figures categorizing R&D with this distinction. R&D now joins software in a new category labeled “intellectual property products”. While some see the change as only affecting a small number of economists, others see the move as bridging a gap between digital economy and the way analysts account for it. McKinsey & Company provide a solid review of what the change means here. “[Intangible digital capital assets] are manifold: the unique designs that engage large…