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Public R&D investment in economic crises

Pellens, Maikel; Peters, Bettina; Hud, Martin; Rammer, … - 2021 - This version: November 2021

Persistent link: https://www.econbiz.de/10012818365

Secular stagnation and progressive economic policy alternatives

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Public R&D investment in economic crises

Pellens, Maikel; Peters, Bettina; Hud, Martin; Rammer, … - 2021 - First version: January 2018, this version: November 2020

We study the cyclicality of public R&D in 28 OECD countries (1995 - 2017). While procyclical on average, public R&D reacts asymmetrically over different phases of the business cycle and becomes acyclical during recessions. It is also heterogeneous across countries: Innovation leaders and...

Persistent link: https://www.econbiz.de/10013342107

Political economy and structural transformation : democracy, regulation and public investment

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Public R&D investment in economic crises

Pellens, Maikel; Peters, Bettina; Hud, Martin; Rammer, … - 2020 - This version: November 2020

We study the cyclicality of public R&D in 28 OECD countries (1995-2017). While procyclical on average, public R&D reacts asymmetrically over different phases of the business cycle and becomes acyclical during recessions. It is also heterogeneous across countries: Innovation leaders and followers...

Persistent link: https://www.econbiz.de/10012390728