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THE PRODUCTIVITY J-CURVE

2026

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AI-generated summary

1) This paper explains why productivity growth appears to slow down with new technologies and how intangible investments contribute to this phenomenon.
2) The paper introduces the "Productivity J-Curve" model to explain productivity measurement issues arising from intangible investments, analyzes historical data on R&D, software, and computer hardware, and discusses the potential impact of AI on future productivity.
3) Productivity, J-Curve, Intangible Assets, General Purpose Technologies, Measurement

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