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
