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This paper deals with the question of changing relations between business R&D (BERD), patents and output measures like value added and productivity (macro level) as well as EBIT and market capitalization (micro level) to analyze long-term/secular effects of technological change at different...
Persistent link: https://www.econbiz.de/10011667976
Persistent link: https://www.econbiz.de/10012234416
We analyze the stagnating productivity levels observable across many Western economies during the last two decades. Relying on techniques to measure total factor productivities (TFP), we provide evidence for a set of 11 OECD countries observed over the period from 1993-2011 that TFP-levels...
Persistent link: https://www.econbiz.de/10011800197