Figure 1: International Comparison of Productivity J-Curves for Research and Development

Difference between standard and revised TFP growth rates in percentage points

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Note: The figure shows the 5-year moving average of the difference between standard and revised TFP growth. Revised TFP accounts for R&D-related intangible investment only. Values below zero indicate underestimation of TFP in standard measures.

Source: Authors' calculations.Get the dataCreated with Datawrapper