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Total factor productivity growth: we need a new drug

James, Kevin R., Kotak, Akshay and Tsomocos, Dimitrios P. (2022) Total factor productivity growth: we need a new drug. LSE Business Review (09 Aug 2022). Blog Entry.

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Abstract

Creating the innovations that drive total factor productivity (TFP) growth takes both ideas and firms that process those ideas into new products or techniques. However, while economic theory and innovation policy focus upon idea supply alone, it is idea processing capability that drives US TFP growth. Kevin R. James, Akshay Kotak, and Dimitri Tsomocos write that understanding and improving the economy’s idea processing capability must be a core element of an effective growth strategy.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2022 The Authors
Divisions: LSE
Systemic Risk Centre
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HB Economic Theory
Date Deposited: 20 Sep 2022 23:35
Last Modified: 20 Sep 2022 23:35
URI: http://eprints.lse.ac.uk/id/eprint/116489

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