R&D and the Productivity Slowdown
The question I shall address in this pa-per is: Can the slowdown in productivity growth be explained, wholly or in part, by the recent slowdown in the growth of real R&D expenditures? But first we have to review the following questions: I) What is to be explained? Which productivity and what slowdown? 2) What is the mechanism by which R&D could have contributed to this slowdown? 3) What did happen to R&D in the relevant period? Besides traversing this somewhat familiar ground and reviewing some of the recent literature on this topic, I shall also report on some estimates of my own. The direct answer to the opening question is "probably not." But how we get there needs documenting and may prove instructive on its own merits.
|Date of creation:||Jan 1980|
|Date of revision:|
|Publication status:||published as Griliches, Zvi. "R & D and the Productivity Slowdown." The American Economic Review, Vol. 70, No. 2, (May 1980), pp. 343-348.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:0434. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.