Innovation and productivity

  title={Innovation and productivity},
  author={Bronwyn H. Hall},
  journal={Economic and Policy Review},
  • B. Hall
  • Published 1 June 2011
  • Business
  • Economic and Policy Review
What do we know about the relationship between innovation and productivity among firms? The workhorse model of this relationship is presented and the implications of analysis using this model and the usually available data on product and process innovation are derived. The recent empirical evidence on the relationship between innovation and productivity in firms is then surveyed. The conclusion is that there are substantial positive impacts of product innovation on revenue productivity, but… Expand

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