R&D investment has grown robustly, yet aggregate productivity growth has stagnated. Is this because “ideas are getting harder to find”? This paper …
The Rising Returns to R&D: Ideas Are not Getting Harder to Find (one hypothesis)
R&D investment has grown robustly, yet aggregate productivity growth has stagnated. Is this because “ideas are getting harder to find”? This paper …
The Rising Returns to R&D: Ideas Are not Getting Harder to Find (one hypothesis)