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 …

In this paper we have put forward a model of basic research and long-run economic growth in which the system of … incentives to scientific work may produce positive feedbacks and increasing returns. The organization of basic research presents …