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Cataloged Resource Summary

 

Title

Research and Development

Author

David M. Levy

Categories

Economic Development, Technological Change, and Growth
Economic History

Type

Article

Description

Research and development is the creation of knowledge to be used in products or processes. This article answers the questions of whether private R&D is productive, government R&D is productive, and whether R&D is worthy of special treatment.

URL

http://www.econlib.org/library/Enc/ResearchandDevelopment.html
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