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.
|Place of Publication||Mannheim|
|Publisher||Leibnitz Centre for European Economic Research (ZEW)|
|Number of pages||8|
|Publication status||Published - Jul 2020|
|Series||ZEW Discussion Papers|
- Technological change