Economics & Finance / Macroeconomics / Economic Growth & GDP
Is Innovation Really Driving Productivity? Surprising Evidence from Netherlands & France
This video breaks down a groundbreaking study by Wladimir Raymond, Jacques Mairesse, Pierre Mohnen, and Franz Palm, published as NBER Working Paper No. 19074. Using panel data from Dutch and French manufacturing firms, they built dynamic models to test the classic R&D → Innovation → Productivity chain. The shocking finding? Productivity has no feedback effect on innovation—high productivity doesn't make companies more innovative. But past R&D does drive future innovation. Learn why innovation persistence differs between the two countries, why productivity is stubbornly stable, and what this means for business strategy and policy. Perfect for anyone curious about the real mechanics behind economic growth.
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