Figure 4: International Comparison of Productivity J-Curves for All Intangibles

Difference between standard and revised TFP growth rates in percentage points

Note: The figure shows the 5-year moving average of the difference between standard and revised TFP growth. Revised TFP accounts for R&D, software and organizational capital-related intangible investments. Values below zero indicate underestimation of TFP in standard measures.
Source: Authors' calculations.Get the dataCreated with Datawrapper