Abstrakt
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that diminishing returns in idea production are a global phenomenon, not just confined to the U.S.
Originalsprog | Engelsk |
---|---|
Artikelnummer | 109646 |
Tidsskrift | Economics Letters |
Vol/bind | 197 |
Antal sider | 4 |
ISSN | 0165-1765 |
DOI | |
Status | Udgivet - dec. 2020 |
Emneord
- Productivity
- Growth
- Innovation
- R & D
- Technological change