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来源类型Working Paper
规范类型报告
DOI10.3386/w23782
来源IDWorking Paper 23782
Are Ideas Getting Harder to Find?
Nicholas Bloom; Charles I. Jones; John Van Reenen; Michael Webb
发表日期2017-09-11
出版年2017
语种英语
摘要In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that research effort is rising substantially while research productivity is declining sharply. A good example is Moore's Law. The number of researchers required today to achieve the famous doubling every two years of the density of computer chips is more than 18 times larger than the number required in the early 1970s. Across a broad range of case studies at various levels of (dis)aggregation, we find that ideas — and in particular the exponential growth they imply — are getting harder and harder to find. Exponential growth results from the large increases in research effort that offset its declining productivity.
主题Development and Growth ; Innovation and R& ; D ; Growth and Productivity
URLhttps://www.nber.org/papers/w23782
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/581456
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GB/T 7714
Nicholas Bloom,Charles I. Jones,John Van Reenen,et al. Are Ideas Getting Harder to Find?. 2017.
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