R&d and Productivity the Econometric Evidence
- List Price: $94.00
- Binding: Hardcover
- Publisher: Univ of Chicago Pr
- Publish date: 06/01/1998
Griliches began his studies of productivity growth during the 1950s. adding a variable of "knowledge stock" to traditional production function models, and his work has served as the point of departure for much of the research into R&D and productivity. This collection of essays documents both Griliches's distinguished career and the history of this line of thought.
As inputs into production increasingly take the form of "intellectual capital" and new technologies that are not as easily measured as traditional labor and capital, the methods Griliches has refined and applied to R&D become crucial to understanding today's economy.