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

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Author Info
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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Publisher 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;

Find related papers by JEL classification:
H0 - Public Economics - - General
O3 - Economic Development, Technological Change, and Growth - - Technological Change
O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy

References listed on IDEAS
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  1. 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. [Downloadable!] (restricted)
  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. [Downloadable!] (restricted)
  3. Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-70, December. [Downloadable!] (restricted)
  4. Charles I. Jones, 2002. "Sources of U.S. Economic Growth in a World of Ideas," American Economic Review, American Economic Association, vol. 92(1), pages 220-239, March. [Downloadable!]
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  5. Baumol, William J, 1990. "Entrepreneurship: Productive, Unproductive, and Destructive," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 893-921, October. [Downloadable!] (restricted)
  6. Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert W, 1991. "The Allocation of Talent: Implications for Growth," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 503-30, May. [Downloadable!] (restricted)
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  7. 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. [Downloadable!] (restricted)
    Other versions:
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