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The Effects of U.S. Public R&D on Global Growth

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NBER2026-07-01 更新2026-07-31 收录
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This paper provides the first causal estimates of the global social returns to U.S. public R&D. We use a narrative identification strategy to quantify the effects of exogenous shocks to U.S. R&D appropriations on the dynamic TFP response of 69 foreign economies from 19802019. A U.S. R&D

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2026-07-01
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