Emerging Technologies

IMF: Why research and development is a crucial part of economic growth

A man looking through a microscope.

Analysis suggests that the composition of R&D matters for growth. Image: Unsplash/Lucas Vasques

Philip Barrett
Economist, IMF’s Research Department
Diaa Noureldin
Economist in the World Economic Studies Division, IMF’s Research Department
Jean-Marc Natal
Deputy Chief in the World Economic Studies Division, IMF’s Research Department
Niels-Jakob Hansen
Economist in the World Economic Studies Division, IMF’s Research Department
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Scientific articles continue to be cited for years after publication. Image: IMF

Knowledge spillovers
The additional impact of foreign research on patenting is particularly for innovation in emerging market and developing countries. Image: IMF

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Return on investment.
A 10 percent permanent increase in the stock of a country's own basic research can increase productivity by 0.3 percent. Image: IMF

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Emerging TechnologiesCOVID-19Climate Change
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