Government-funded R&D produces long-term productivity gains

Andrew Fieldhouse and Karel Mertens

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: Our estimates indicate that government-funded R&D accounts for roughly one quarter of all business sector productivity growth since World War II, including one quarter of the deceleration in productivity growth since the late 1960s.

Keywords: economic development; manufacturing (search for similar items in EconPapers)
Date: 2024-02-13
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:97792

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