Abstract
These comments assert that the relationships between R&D expenditures and productivity growth are far more complex than they are ordinarily made out to be. R&D expenditures include several very different components, and only a rather small percentage of the total consists of expenditures upon basic science. One should not expect a very close association over time, or among countries, between spending upon R&D and the observed growth in economic productivity.
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References
M. PECK, S. TAMURA, Technology, in:Asia's New Giant, H. PATRICK, H. ROSOVSKY (Eds) The Brookings Institution, Washington, D. C., 1976.
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Rosenberg, N. Comments on “indicators of the impact of R&D on the economy”. Scientometrics 2, 387–393 (1980). https://doi.org/10.1007/BF02095081
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DOI: https://doi.org/10.1007/BF02095081
Keywords
- Basic Science
- Close Association
- Productivity Growth
- Economic Productivity