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should invest in basic research. Basic-research expenditures are increasing with a country’s degree of openness as long as …
Persistent link: https://www.econbiz.de/10011753143
technologically advanced sectors in the economy. Then, we explore how different degrees of openness affect long-term incentives to … invest in basic research. Our main insight is that higher openness tends to encourage more investment in basic research which …
Persistent link: https://www.econbiz.de/10008748324
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
technologically advanced sectors in the economy. Then, we explore how different degrees of openness affect long-term incentives to … invest in basic research. Our main insight is that higher openness tends to encourage more investment in basic research which …
Persistent link: https://www.econbiz.de/10011753203
technologically advanced sectors in the economy. Then, we explore how different degrees of openness affect long-term incentives to … invest in basic research. Our main insight is that higher openness tends to encourage more investment in basic research which …
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
The paper deals with the effects of government policy promoting basic research as an incentive to economic growth. Government is included into a Schumpeterian endogenous growth model, in which, thanks to the income proceeding from proportional taxation of monopolistic enterprises profits, it is...
Persistent link: https://www.econbiz.de/10013126986
should invest in basic research. Basic-research expenditures are increasing with a country’s degree of openness as long as …
Persistent link: https://www.econbiz.de/10005800898
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/10011753239
We examine how basic research should be financed. While basic research is a public good benefiting innovating entrepreneurs it also affects the entire economy: occupational choices of potential entrepreneurs, wages of workers, dividends to shareholders, and aggregate output. We show that the...
Persistent link: https://www.econbiz.de/10010342234