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www.brookings.edu: How to boost long-run growth after COVID-19

Read Full Article Here: https://www.brookings.edu/research/how-to-boost-long-run-growth-after-covid-19/

What can be done to boost productivity growth?

The conclusions can be summarized as follows:The kind of innovation that traditionally powered productivity growth has slowed.

3The surge of productivity growth in the 1990s was fueled by a wave of computer investment, rapid growth in big-box retailing, and in parts of the finance industry.

The growth of business R&D helps U.S. long-run growth, but federal R&D support is important because it provides the main financing for basic research and scientific advancements.

These policies have been a serious mistake that must be reversed to foster stronger productivity growth in the future.

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