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Government-funded R&D produces long-term productivity gains
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;
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https://www.dallasfed.org/research/economics/2024/0213
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2024-02-13