The Wire:
As scaling effects of research productivity diminish, India must step up R&D investment
26 September 2017
A new working paper at the NBER looks into the productivity of research effort, that is, how research effort correlates with an increase in output. ‘Are Ideas Getting Harder to Find‘, authored by Nicholas Bloom and Michael Webb of Stanford University, John Van Reenen of Massachusetts Institute of Technology and Jones himself, tries to empirically calculate research productivity in the US both at the micro (industry) level and the aggregate US economy as a whole.