Maloney, William; Rodr??guez-Clare, Andr??s - 2012
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) when compared with some high innovation … countries. The usual reaction to this perceived problem is to call for increases in R&D investment rates, usually specifying a …