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-enhancing worker training before Cournot competition takes place. When two separated product markets become integrated and are thus …
Persistent link: https://www.econbiz.de/10001957223
In this paper we study the incentives for basic-research investments by governments in a globalized world. For this purpose, we develop a two-country Schumpeterian growth model in which each country chooses its basic-research investments. We find that a country's basic-research investments...
Persistent link: https://www.econbiz.de/10009721842
We examine how basic research should be financed. While basic research is a public good benefiting innovating entrepreneurs it also affects the entire economy: occupational choices of potential entrepreneurs, wages of workers, dividends to shareholders, and aggregate output. We show that the...
Persistent link: https://www.econbiz.de/10010342234
We augment a Schumpeterian growth model with a public basic-research sector to examine how much a country should invest in basic research. We find that the closer the country is to the world’s technological frontier the more the government should invest in basic research. Basic-research...
Persistent link: https://www.econbiz.de/10003761319
In this paper we study the incentives for basic-research investments by governments in a globalized world. For this purpose, we develop a two-country Schumpeterian growth model in which each country chooses its basic-research investments. We find that a country's basic-research investments...
Persistent link: https://www.econbiz.de/10013085369
We analyze public investment in basic research in a multi-country, multi-industry environment with international trade. In our economy, basic research generates ideas which private firms take up in applied research to develop new varieties. Such development requires industry-specific know-how. A...
Persistent link: https://www.econbiz.de/10012896551
-reducing innovation before they engage in competition for each other's R&D-employees. Successful bids for the competitor's employee then … result in higher levels of cost-reduction. Finally, firms enter product market competition. We apply the approach to the long …-standing debate on the effects of the mode of competition on innovation incentives. We show that incentives to acquire spillovers are …
Persistent link: https://www.econbiz.de/10014203680
We augment a Schumpeterian growth model with a public basic-research sector to examine how much a country should invest in basic research. We find that the closer the country is to the world’s technological frontier the more the government should invest in basic research. Basic-research...
Persistent link: https://www.econbiz.de/10011753143