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- Back to Basics: Basic Research Spillovers, Innovation Policy, and Growth
Abstract This article introduces a general equilibrium model of endogenous technical change through basic and applied research Basic research differs from applied research in the nature and the magnitude of the generated spillovers
- Back to Basics: Basic Research Spillovers, Innovation Policy and Growth
May 7, 2020 Abstract This paper introduces a general equilibrium model of endogenous technical change through basic and applied research Basic research differs from applied research in the nature and the magnitude of the generated spillovers
- Back to Basics: Basic Research Spillovers, Innovation Policy and Growth . . .
This paper introduces a general equilibrium model of endogenous technical change through basic and applied research Basic research differs from applied research in the nature and the magnitude of the generated spillovers We propose a novel way of empirically identifying these spillovers and embed
- Back to Basics: Basic Research Spillovers, Innovation Policy, and Growth
Basic research differs from applied research in the nature and the magnitude of the generated spillovers We propose a novel way of empirically identifying these spillovers and embed them in a framework with private firms and a public research sector
- Back to Basics: Basic Research Spillovers, Innovation Policy and Growth . . .
This paper introduces a model of endogenous growth through basic and applied research Basic research differs from applied research in the nature and the magnitude of the generated spillovers We propose a novel way of empirically identifying these spillovers and embed them in a general equilibrium framework with private firms and a public research sector After characterizing the equilibrium
- Back to Basics: Basic Research Spillovers, Innovation Policy and Growth
Another striking feature is that, in the case of ap-plied innovation, there is actually an overinvestment in the decentralized economy due to the strategic complementarity between basic research spillovers and the returns to applied research
- Back to Basics: Basic Research Spillovers, Innovation Policy and Growth
What are the key roles of basic and applied research for productivity growth? What are the incentives of private rms to do basic research? How does academic research contribute to innovation and productivity growth? Given the distinct natures of academic and corporate research, what are the appropriate government policies to promote economic growth through technological progress? These
- Back to Basics: Basic Research Spillovers, Innovation Policy, and Growth
The second is to provide an overview of the major economic effects of basic research investments The third is to discuss reasons for public provision and support of basic research
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