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Losing The Edge At The Final Frontier: A Relative Decline In Scientific Inputs And Its Consequences

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  • Basuchoudhary, Atin
  • Reksulak, Michael

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Abstract

This paper proposes a model of scientific output utilizing a Cobb-Douglas production function. We employ a newly available panel dataset to analyze patterns of investment in research across countries and their consequences for research leadership. Results suggest some evidence that the demographic mix of a country may matter more than previously thought in determining scientific output relative to R&D spending and the existing stock of scientific output.

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Bibliographic Info

Article provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.

Volume (Year): 7 (2007)
Issue (Month): 2 ()
Pages: 23-36

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Handle: RePEc:eaa:aeinde:v:7:y:2007:i:2_2

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Related research

Keywords: Technological Change; Public Policy; Demographics; R&D;

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  1. Jones, C.I., 2000. "Sources of U.S. Economic Growth in a World of Ideas," Papers 99-29, United Nations World Employment Programme-.
  2. Kremer, Michael, 1993. "Population Growth and Technological Change: One Million B.C. to 1990," The Quarterly Journal of Economics, MIT Press, vol. 108(3), pages 681-716, August.
  3. Bessette, Russell W, 2003. " Measuring the Economic Impact of University-Based Research," The Journal of Technology Transfer, Springer, vol. 28(3-4), pages 355-61, August.
  4. Baumol, William J, 1990. "Entrepreneurship: Productive, Unproductive, and Destructive," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 893-921, October.
  5. Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1990. "The Allocation of Talent: Implicationsfor Growth," University of Chicago - George G. Stigler Center for Study of Economy and State 65, Chicago - Center for Study of Economy and State.
  6. Richard B. Freeman, 2005. "Does Globalization of the Scientific/Engineering Workforce Threaten U.S. Economic Leadership?," NBER Working Papers 11457, National Bureau of Economic Research, Inc.
  7. Knack, Stephen & Keefer, Philip, 1995. "Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Indicators," MPRA Paper 23118, University Library of Munich, Germany.
  8. Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-70, December.
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