Research and development, productivity, and inflation.
Science
; 209(4461): 1091-3, 1980 Sep 05.
Article
em En
| MEDLINE
| ID: mdl-17841451
ABSTRACT
R & D, through its effects on the rate of productivity increase, can significantly restrain the rate of inflation in the medium and long run. High rates of inflation damage the workings of the price system and impair the efficiency of practically all economic activities, including R & D. Findings suggest that the percentage increase between 1969 and 1979, in total real R & D expenditures, has been exaggerated due to the inadequacy of the gross national product deflator as applied to R & D.
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01-internacional
Base de dados:
MEDLINE
Idioma:
En
Ano de publicação:
1980
Tipo de documento:
Article