Are Ideas Getting Harder to Find?

Long-run growth in many models is the product of two terms: the effective number of researchers and their research productivity. We present evidence from various industries, products, and firms showing that research effort is rising substantially while research productivity is declining sharply. A g...

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Bibliographic Details
Published in:The American economic review 2020-04, Vol.110 (4), p.1104-1144
Main Authors: Bloom, Nicholas, Jones, Charles I., Van Reenen, John, Webb, Michael
Format: Article
Language:English
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