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On the Design of Basic-Research Policy
Hans Gersbach (Economist)
Maik T. Schneider
Olivier Schneller
出版
ETH, Eidgenössische Technische Hochschule Zürich, CER-ETH - Center of Economic Research at ETH Zurich
, 2008
URL
http://books.google.com.hk/books?id=bAnzcQAACAAJ&hl=&source=gbs_api
註釋
We augment a Schumpeterian growth model with a public basic-research sector to examine how much a country should invest in basic research. We find that the closer the country is to the world's technological frontier the more the government should invest in basic research. Basic-research expenditures are increasing with a country's degree of openness as long as innovation sizes are small. We provide possible explanations for the empirical evidence available on basic-research expenditures across countries.
