Innovation is widely considered the primary driver of growth in high-income economies. The efficiency by which an economy is able to transform research & development (R&D) inputs into output growth is captured by the measure of research productivity. In a recent study we were able to show that...

In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...