A Global Decline in Research Productivity?

My coauthor Philipp Böing and I just released a new discussion paper:

“A Global Decline in Research Productivity? Evidence from China and Germany”

Abstract: In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that diminishing returns in idea production are a global phenomenon, not just confined to the U.S.

Here’s a short summary of our findings in a Twitter thread:

 

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