Showing 1 - 10 of 934
We study a model where economic growth is fueled by public basic-research investment and the importation of leading technology from foreign countries. In each period, the government chooses the amount of basic research, balancing the cost and benefits of stimulating growth through both channels....
Persistent link: https://www.econbiz.de/10013137298
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
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 study a model where economic growth is fueled by public basic-research investment and the importation of leading technology from foreign countries. In each period, the government chooses the amount of basic research, balancing the cost and benefits of stimulating growth through both channels....
Persistent link: https://www.econbiz.de/10008748324
Persistent link: https://www.econbiz.de/10010483565
Persistent link: https://www.econbiz.de/10010509504
Persistent link: https://www.econbiz.de/10009732440
What is the economic rationale for investing in science? Based on an open economy model of creative destruction, we characterize four key factors of optimal investment in basic research: the stage of economic development, the strength of the manufacturing base, the degree of openness, and the...
Persistent link: https://www.econbiz.de/10011920841
Persistent link: https://www.econbiz.de/10012001307
Persistent link: https://www.econbiz.de/10011569381