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We analyze the differential growth effects of basic research, applied research, and embodied human capital accumulation … and expenditures for basic research. Our results also indicate that raising public investments in basic research reduces … economy. These short-run costs of basic research might be an explanation for the reluctance of governments to increase public …
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We analyze the di fferential growth e ffects of basic research, applied research, and embodied human capital … and expenditures for basic research. Our results also indicate that raising public investments in basic research reduces … economy. These short-run costs of basic research might be an explanation for the reluctance of governments to increase public …
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