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US productivity growthEuropean Central Bank
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86% Informative
ECB Blog shows that publicly funded R&D complements private investments and has greater effects on productivity growth because of its larger spillovers.
Arnaud Dyèvre was selected as one of the finalists with the research highlighted in this post.
This is the third post in our series featuring work submitted to the ECB ’s 2024 Young Economist Prize .
Applications for the 2025 Prize will be open from 13 January to 12 February 2025 .
The US government spent an average of USD 25 billion a year on research initiatives in constant 2020 dollars in the subsequent decade .
NASA funding surge of the 1960s is a telling example of such shocks.
Public R&D lays the groundwork through fundamental research, which entrepreneurs then build upon to create marketable products and services.
VR Score
94
Informative language
99
Neutral language
45
Article tone
semi-formal
Language
English
Language complexity
60
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
1
Source diversity
1
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