Academic Research, Social Interactions and Economic Growth

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Academic Research, Social Interactions and Economic Growth

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Maria Rosaria Carillo
Erasmo Papagni

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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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Paper provided by D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy in its series Discussion Papers with number 9_2006.

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Date of creation: 01 May 2006
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Handle: RePEc:prt:dpaper:9_2006

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Paper
- Maria Rosaria Carillo & Erasmo Papagni, 2004. "Academic Research, Social Interactions And Economic Growth," Working Papers 10_2004, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy. [Downloadable!]

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Other versions:
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Other versions:
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Other versions:
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Carillo, Maria Rosaria & Papagni, Erasmo & Capitanio, Fabian, 2007. "Effects of social interactions on scientists' productivity," MPRA Paper 7880, University Library of Munich, Germany. [Downloadable!]
Other versions:
- Maria Rosaria Carillo & Erasmo Papagni & Fabian Capitanio, 2006. "Effects of social interactions on Scientists’ productivity," Discussion Papers 19_2006, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy. [Downloadable!]
- Maria Rosaria Carillo & Erasmo Papagni & Fabian Capitanio, 2008. "Effects of social interactions on scientists' productivity," International Journal of Manpower, Emerald Group Publishing, vol. 29(3), pages 263-279, July. [Downloadable!] (restricted)

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