deeper division of labor among these teams which leads to an increase in firm productivity. The paper can be thought of as a …

it is important to distinguish between technology and human capital. The conclusion is simply this: In generating world … growth, the world's research outlays are an essential ingredient. But for most agents the decision determining growth is one …

&D investment: (1) Are there diminishing returns to inventive activities? (2) What is the relationship between R&D and productivity … between R&D expenditures and growth of output or total factor productivity. The relation is pervasive, though the magnitudes …, there is evidence that R&D as a factor of production affects not only productivity growth but also the demand for …