recent years. This paper explores whether and to what extent we can consider lack of innovation and technology adoption as a … main reason for this disappointing experience. The paper starts by documenting that technology adoption and innovation are …

There is a common perception that low productivity or low growth is due to what can be called an innovation shortfall …, usually identified as a low rate of investment in research and development (R&D) compared with some high-innovation countries … problems that impede accumulation of all kinds of capital. When does a country suffer from an innovation shortfall above and …