R&D Slowdown Linked to Productivity Decline, Impacting Economic Growth
The article explores whether the recent slowdown in productivity growth can be linked to a decrease in real R&D spending. It delves into questions like what exactly needs explaining, how R&D could impact productivity, and what happened to R&D in the relevant time frame. The researchers suggest that the slowdown in productivity growth is not solely due to the decrease in R&D spending, but the journey to this conclusion provides valuable insights.