One explanation for declining R&D productivity is demise of industrial research labs. We test that explanation using … decline in R&D productivity. There we find that labs decrease firms’ R&D productivity 5.2%, on average. Using both aggregate …

emphasizes a positive correlation between firm-level innovation and productivity gains. It is unsurprising, then, that policy … makers and researchers widely acknowledge that innovation is one of the major drivers of productivity growth, and is …Improvements in productivity are necessary to effectively increase economic growth in the long term. The literature …

We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the … emergence of real world empirical productivity distributions. Firms can improve productivity by engaging in in-house R\&D, or …-growth equilibrium featuring persistent productivity differences even when starting from ex-ante identical firms. The long …

Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in … ; Endogenous Growth ; Knowledge Diffusion ; Productivity Slowdown ; Convergence ; Divergence …

Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different …

Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in … ; endogenous growth ; knowledge diffusion ; productivity slowdown ; convergence ; divergence …

explain the Great Divergence, the failure of less developed countries to attract capital from abroad, the productivity … ; productivity slowdown ; roaring twenties …

Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in …

We study four issues in R&D-productivity dynamics: does R&D Granger cause productivity, is there a lag between R&D and … its productivity effects, does the potency of R&D vary in timing and magnitude, and what is the role of R&D spillovers and … aggregate shocks. The results suggest that R&D causes productivity but not vice versa, productivity responds to changes in R …