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Research productivity and secular stagnation: Is there a correlation between research productivity and economic growth in OECD countries?

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  • Luccas Attilio

  • Mauro Rodrigues

Abstract

Recent papers have documented a reduction in research productivity over time. We estimate the relationship between research productivity and economic growth using a panel of OECD economies between 1981 and 2019. For countries in the G7, we find a strong correlation between these two variables. The effect is both statistically significant and quantitatively relevant.

Suggested Citation

  • Luccas Attilio & Mauro Rodrigues, 2025. "Research productivity and secular stagnation: Is there a correlation between research productivity and economic growth in OECD countries?," Working Papers, Department of Economics 2025_15, University of São Paulo (FEA-USP).
    • Handle: RePEc:spa:wpaper:2025wpecon15
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    File URL: http://www.repec.eae.fea.usp.br/documentos/Attilio_Rodrigues_15WP.pdf
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    Keywords

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    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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