Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?
AbstractThis paper suggests that innovation policy in the United States has erred by subsidizing the private sector demand for scientists and engineers without asking whether the educational system provides that supply response necessary for these subsidies to work. It suggests that the existing institutional arrangements in higher education limit this supply response. To illustrate the path not taken, the paper considers specific programs that could increase the numbers of scientists and engineers available to the private sector.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 7723.
Date of creation: Jun 2000
Date of revision:
Publication status: published as Paul M. Romer. "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?," in Adam B. Jaffe, Josh Lerner and Scott Stern, editors, "Innovation Policy and the Economy, Volume 1" MIT Press (2001)
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Other versions of this item:
- Paul M. Romer, 2001. "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?," NBER Chapters, in: Innovation Policy and the Economy, Volume 1, pages 221-252 National Bureau of Economic Research, Inc.
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2000-05-30 (All new papers)
- NEP-DEV-2000-05-30 (Development)
- NEP-EDU-2000-05-22 (Education)
- NEP-INO-2000-05-30 (Innovation)
- NEP-LAB-2000-05-30 (Labour Economics)
- NEP-PBE-2000-05-30 (Public Economics)
- NEP-PUB-2000-05-30 (Public Finance)
You can help add them by filling out this form.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- The Supply (In)elasticity of Graduate Labor
by dkuehn in Facts and other stubborn things on 2010-10-29 10:04:00
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