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 …

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 …

The purpose of this paper is to investigate the rivalry between basic and applied research within public research labs …. Study design considers the international publications a proxy of basic research, whereas the self-financing deriving from … technology transfer activities is an indicator of applied research. A case study based on Italian National Research Council, one …

innovation and growth. In an overlapping generations framework, we study the occurrence of research bubbles and show that they …We develop a model to rationalize and examine so-called "research bubbles", i.e. research activities based on … overoptimistic beliefs about the impact of this research on the economy. Research bubbles occur when researchers selfselect into …