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Growth And Public Support To Innovation And Imitation

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Author Info

  • Fidel Pérez Sebastián

    ()
    (Universidad de Alicante)

Abstract

The paper studies technology policy within a version of Jones's (1995) non-scale R&D-based growth framework that incorporates imitation of foreign techniques. The transitional dynamics of the model can account for some well-known empirical regularities regarding the relationship between the level of economic development and public support to technology innovation and imitation. The paper also documents that mos predictions of the model are consistent with the empirical evidence. Overall, these results suggest that foreign techniques can be the main driving force behind imitation policy. The paper shows as well that, even though policy in Jones-type non-scale models has no long-run growth effects, level effects can be substantial.

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File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2001-31.pdf
File Function: Fisrt version / Primera version, 2001
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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2001-31.

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Length: 39 pages
Date of creation: Dec 2001
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:2001-31

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Related research

Keywords: Innovation; Imitation; Policy; Growth; Transitional Dynamics.;

References

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  1. Macdonald, G.M., 1988. "Competitive Diffusion," University of Chicago - Economics Research Center 88-10, Chicago - Economics Research Center.
  2. N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  3. Fidel Perez Sebastian, 1998. "Transitional Dynamics In An R&D-Based Growth Model With Imitation: Comparing Its Predictions To The Data," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 9802, Departamento de Economía - Universidad Pública de Navarra.
  4. Segerstrom, Paul S, 1991. "Innovation, Imitation, and Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 807-27, August.
  5. Charles I. Jones & John C. Williams, 1999. "Too Much of a Good Thing? The Economics of Investment in R&D," NBER Working Papers 7283, National Bureau of Economic Research, Inc.
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  21. Domowitz, Ian & Hubbard, R Glenn & Petersen, Bruce C, 1988. "Market Structure and Cyclical Fluctuations in U.S. Manufacturing," The Review of Economics and Statistics, MIT Press, vol. 70(1), pages 55-66, February.
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  25. Lawrence J. Christiano, 1989. "Understanding Japan's saving rate: the reconstruction hypothesis," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 10-25.
  26. Segerstrom, Paul S., 1998. "The Long-Run Growth Effects of R&D Subsidies," Working Paper Series 506, Research Institute of Industrial Economics.
  27. Attanasio, Orazio P & Weber, Guglielmo, 1993. "Consumption Growth, the Interest Rate and Aggregation," Review of Economic Studies, Wiley Blackwell, vol. 60(3), pages 631-49, July.
  28. Currie, David, et al, 1999. "Phases of Imitation and Innovation in a North-South Endogenous Growth Model," Oxford Economic Papers, Oxford University Press, vol. 51(1), pages 60-88, January.
  29. van Elkan, Rachel, 1996. "Catching up and slowing down: Learning and growth patterns in an open economy," Journal of International Economics, Elsevier, vol. 41(1-2), pages 95-111, August.
  30. Pack, Howard & Saggi, Kamal, 1997. "Inflows of Foreign Technology and Indigenous Technological Development," Review of Development Economics, Wiley Blackwell, vol. 1(1), pages 81-98, February.
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