Growth and Public Support to Research and Imitation: The International Connection
AbstractThis paper studies technology policy within the context of an R&D-based growth model. We first use cross-country data to document several empirical regularities regarding the relationship between public support to research and imitating, and relative income levels. We then construct a model in which the possibilibty of copying foreing ideas through a technology that exhibits diminishing imitation opportunities is sufficient to account for the observed average patterns. We also find that policy intervention can produce important welfare benefits; capital accumulation subsidies show a slightly larger contribution to the welfare improvement than R&D support.
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Bibliographic InfoPaper provided by Departamento de Economía - Universidad Pública de Navarra in its series Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra with number 9907.
Length: 35 pages
Date of creation: 1999
Date of revision:
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Find related papers by JEL classification:
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-1999-11-28 (All new papers)
- NEP-DEV-1999-11-28 (Development)
- NEP-INO-1999-11-28 (Innovation)
- NEP-TID-1999-12-14 (Technology & Industrial Dynamics)
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