The persistent downturn in productivity growth during the past two decades has cast doubts on global economic prospects …. Frequently cited causes include a dearth of productivity-enhancing ideas, an aging population, and a shift to service …-based economies. While we acknowledge the role each of these has played, our research shows that productivity is fundamentally driven …

patent protection (for the best product) provides strong innovation incentives, leading to better performing products than a … increased R&D productivity. In numerous contexts, especially when marginal production costs are low, such as for medications or … else equal — this product will tend to take a dominant position. Using a simple two-stage model of innovation and …

The role of innovation in improving productivity might vary according to a country's relative position in technology … innovation on output via productivity with representative manufacturing firms in Tunisia from 1997 to 2007. It finds that "buying … innovation is not linear or requires a certain amount of investment (threshold) to positively affect productivity. The estimation …