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R&D and Productivity: The Econometric Evidence

RePEc: Research Papers in EconomicsPublished 1 December 2007Open access
Zvi Griliches
Citations451
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Abstract

and Development to Productivity Growth 1.Of course, some of the freed resources will be spent on something else.The point of the illustration is, however, the fact that the "productivity" in the health sector as conventionally measured may in fact decline as the result of R&D.

Keywords

Economics, Econometrics and Finance