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R&D activity and cross-country growth comparisons

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Are Ideas Getting Harder to Find : Comment

Knott, Anne Marie - 2020

A recent explanation for declining GDP growth is that R&D has gotten harder. The formal explanation in Jones (1995) is “fishing out”-- idea discovery decreases in the level of knowledge. If valid, long-run growth is exogenous. In follow-on empirical work, Bloom, Jones, Van Reenen and Webb...

Persistent link: https://www.econbiz.de/10012824731