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Total factor productivity growth: we need a new drug

James, Kevin R., Kotak, Akshay and Tsomokos, Dimitri (2022) Total factor productivity growth: we need a new drug. USApp – American Politics and Policy Blog (13 Aug 2022). Blog Entry.

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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:
Additional Information: © 2022 The Author(s)
Divisions: LSE
Systemic Risk Centre
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
Date Deposited: 09 Sep 2022 12:03
Last Modified: 09 Sep 2022 12:03

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