Are Ideas Getting Harder to Find?¶
Bloom, N., Jones, C. I., Van Reenen, J., & Webb, M. (2020). Are Ideas Getting Harder to Find?. American Economic Review, 1104-1144.
Cited by¶
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Primes¶
- Diminishing Incremental Gains
- Bloom, Jones, Van Reenen, and Webb (2020) sharpened this question for R&D specifically, showing that what looks like exhaustion of an idea pool is partly a research-productivity decline once measurement is corrected for the rising number of researchers required to sustain a fixed growth rate.
This sourceResearch productivity per researcher has fallen sharply; sustaining a constant innovation rate requires ever-larger researcher inputs — apparent idea-pool exhaustion is partly a measured research-productivity decline.
- Bloom, Jones, Van Reenen, and Webb (2020) sharpened this question for R&D specifically, showing that what looks like exhaustion of an idea pool is partly a research-productivity decline once measurement is corrected for the rising number of researchers required to sustain a fixed growth rate.
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