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and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as …, unimpeded science, a passive Church and high levels of taxes and transfers. Second, a "Theocratic" regime with knowledge …
Persistent link: https://www.econbiz.de/10012457561
Getting science policy right is a core objective of government that bears on scientific advance, economic growth …, health, and longevity. Yet the process of science is changing. As science advances and knowledge accumulates, ensuing … cycle and (ii) from solo researchers toward teams. This paper summarizes the evidence that science has evolved - and …
Persistent link: https://www.econbiz.de/10012462651
Knowledge of how science is consumed in public domains is essential for a deeper understanding of the role of science … in human society. While science is heavily supported by public funding, common depictions suggest that scientific … quality of research and its public use, and little correspondence between the funding of science and its public use. This …
Persistent link: https://www.econbiz.de/10012510627
endogenous research cycles of strategic knowledge deepening. We discuss the broader implications for science policy, highlighting …
Persistent link: https://www.econbiz.de/10015361442
Persistent link: https://www.econbiz.de/10013480798
value from them. We argue that the growing reliance on science in inventions enhances MFT. In addition to higher quality … inventions, reliance on science may enhance gains from trade and reduce the transfer cost of knowledge and other transaction … costs. Using large scale data, we show that patents citing science are more likely to be traded, especially for novel …
Persistent link: https://www.econbiz.de/10012496087
World War II was one of the most acute emergencies in U.S. history, and the first where the mobilization of science and … life, while laying the foundation for postwar science policy. Scholars and policymakers often make broad appeals to the …
Persistent link: https://www.econbiz.de/10012482128
Hegemonic powers, like the United States and China, exert influence on other countries by threatening the suspension or alteration of financial and trade relationships. Mechanisms that generate gains from integration, such as external economies of scale and specialization, also increase the...
Persistent link: https://www.econbiz.de/10015171710
We analyze the conduct of fiscal policy in a financially integrated union in the presence of financial frictions. Frictions create a wedge between the return to investment and the union interest rate. This leads to an over-spending externality. While the social cost of spending is the return to...
Persistent link: https://www.econbiz.de/10012481134
In his papers during the lead up to the birth of the European Monetary Union, Obstfeld considered whether the countries forming the EMU were sufficiently similar to survive a single monetary policy--and more importantly, whether they had the capacity to adjust to asymmetric shocks given a single...
Persistent link: https://www.econbiz.de/10014337753