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We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones which are produced by a monopoly owned by the inventor. We show that...
Persistent link: https://www.econbiz.de/10011409970
This paper focuses on investment in research and development as a factor of labour productivity and economic growth … productivity (expressed in the number of hours worked) based on selected data for EU Member States in the period 1995-2013. A … development (2.85% of EU GDP) maximising productivity (per hour of work) was determined based on the examined data. In accordance …
Persistent link: https://www.econbiz.de/10012020507
Higher education is considered as an engine for development and growth in the knowledge society, because of its benefits to boost research, knowledge and technological innovation. This paper examines the relation between innovation, higher education and economic growth during the 1996-2014...
Persistent link: https://www.econbiz.de/10012157079
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U …
Persistent link: https://www.econbiz.de/10012239797
Persistent link: https://www.econbiz.de/10012200114
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&D has positive long-run regression coefficients for direct effects on productivity and indirect ones via private R&D. Here …
Persistent link: https://www.econbiz.de/10015071017
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This study investigates the long-term effects of various types of R&D on multifactor productivity growth, which is the …: an increase of 1% in business R&D generates 0.13% in productivity growth. The effect is larger in countries which are … foreign R&D generates 0.44% in productivity growth, and the effect is larger in countries intensive in business R&D; 1% more …
Persistent link: https://www.econbiz.de/10012446402
This paper aims at analyzing the e ects of lobbying over economic growth and primarily welfare. We model explicitly the interaction between policy-makers and firms in a setup where the latter undertakes political contributions to the former in exchange for more restrictive market regulations...
Persistent link: https://www.econbiz.de/10013150461