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Innovation activity in South Africa : measuring the returns to R&D : Measuring the returns to Research and Development (Английский)

Improvements in productivity is necessary to effectively increase economic growth in the long term.The literature emphasises a positive correlation between firm-level innovation and productivity gains, although evidence for developing countries has been less conclusive. It is unsurprising then, that policymakers and researchers widely acknowledge that innovation is one of the major drivers of productivity growth, and is therefore of critical importance...
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