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Academic Research, Social Interactions and Economic Growth

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  • Maria Rosaria Carillo
  • Erasmo Papagni

Abstract

In this paper we investigate the aggregate implications of social interactions for basic research and economic growth. In particular, we focus on the effects of both the size of the scientific community and the strenght of social exchange among researchers on science productivity and uneven growth. Basic research is modelled as a contest which awards a real prize to the winner and nothing to the losers. Agents are endowed with heterogeneous talent and discoveries are uncertain events which depend on the talent and effort of individuals and on their aggregate values. A CES index of the distribution of both talent and effort summarizes the features of the interactions of the scientific community from which increasing returns may derive. Social interactions among scientists cause multiple equilibria, among which a poverty trap with zero knowledge production and zero growth may emerge.

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  • Maria Rosaria Carillo & Erasmo Papagni, 2006. "Academic Research, Social Interactions and Economic Growth," Discussion Papers 9_2006, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    • Handle: RePEc:prt:dpaper:9_2006
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    1. Maria Rosaria Carillo & Erasmo Papagni & Fabian Capitanio, 2008. "Effects of social interactions on scientists' productivity," International Journal of Manpower, Emerald Group Publishing Limited, vol. 29(3), pages 263-279, June.
    2. Maria Rosaria Carillo & Erasmo Papagni & Alessandro Sapio, 2012. "Do collaborations enhance the high-quality output of scientific institutions? Evidence from the Italian Research Assessment Exercise (2001-2003)," Discussion Papers 4_2012, CRISEI, University of Naples "Parthenope", Italy.

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