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Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding

Aizenman, Joshua - 2006

modern version of monetary mercantilism -- hoarding international reserves in order to improve competitiveness. From a long …-run perspective, manufacturing exporters in East Asia adopted financial mercantilism -- subsidizing the cost of capital -- during … disentangle the monetary mercantilism from precautionary response to the heritage of past financial mercantilism. Monetary …

Persistent link: https://www.econbiz.de/10012465942

Technological Rivalry and Optimal Dynamic Policy in an Open Economy

Bai, Yan; Jin, Keyu; Lu, Dan - National Bureau of Economic Research - 2023

What are a country's policy options in the face of emerging technologies development in a global economy? To answer this question, we examine optimal dynamic policies in an open economy where technology is endogenously accumulated through R&D innovation. Our key insight is that a country has...

Persistent link: https://www.econbiz.de/10014372460

Chinese Outwards Mercantilism – the Art and Practice of Bundling

Aizenman, Joshua - 2015

Chinese outward-mercantilism, which aims at securing a higher rate of returns on its net foreign asset position, leveraging …

Persistent link: https://www.econbiz.de/10012457577

Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?

Romer, Paul M. - 2000

This paper suggests that innovation policy in the United States has erred by subsidizing the private sector demand for scientists and engineers without asking whether the educational system provides that supply response necessary for these subsidies to work. It suggests that the existing...

Persistent link: https://www.econbiz.de/10012471027

Universities as Research Partners

Hall, Bronwyn H. - 2000

Universities are a key institution in the US innovation system and an important aspect of their involvement is the role they play in Private-Public Partnering activities. This study seeks to gain a better understanding of the performance of university-industry research partnerships using a...

Persistent link: https://www.econbiz.de/10012471124

Heart of Darkness : Modeling Public-Private Funding Interactions Inside the R&D Black Box

David, Paul A. - 2000

This paper is a first step toward closing the analytical gap in the extensive literature on the results of interactions between public and private R&D expenditures, and their joint effects on the economy. Econometric studies in this area report a plethora of sometimes confusing and frequently...

Persistent link: https://www.econbiz.de/10012471237

Rewards versus Intellectual Property Rights

Shavell, Steven - 1999

This paper compares reward systems to intellectual property rights (patents and copyrights). Under a reward system, innovators are paid for innovations directly by government (possibly on the basis of sales), and innovations pass immediately into the public domain. Thus, reward systems engender...

Persistent link: https://www.econbiz.de/10012471851

Innovation and Human Capital Policy

Van Reenen, John - National Bureau of Economic Research - 2021

If innovation is to be subsidized, a natural place to start is to increase the quantity and quality of human capital. Innovation, after all, begins with people. Simply stimulating the "demand side" through R&D subsidies and tax breaks may only drive up the price, rather than the volume of...

Persistent link: https://www.econbiz.de/10012510591

Science as a Public Good : Public Use and Funding of Science

Yin, Yian; Dong, Yuxiao; Wang, Kuansan; Wang, Dashun; … - National Bureau of Economic Research - 2021

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 research remains an isolated or 'ivory tower' activity, with...

Persistent link: https://www.econbiz.de/10012510627

Funding Risky Research

Franzoni, Chiara; Stephan, Paula E.; Veugelers, Reinhilde - National Bureau of Economic Research - 2021

The speed with which Covid-19 vaccines were developed and their high-performance underlines how much society depends on the pace of scientific research and how effective science can be. This is especially the case for vaccines based on the new designer mRNA technology. We draw on this...

Persistent link: https://www.econbiz.de/10012585389

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