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Losing The Edge At The Final Frontier: A Relative Decline In Scientific Inputs And Its Consequences

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  • Basuchoudhary, Atin
  • Reksulak, Michael

    ()

Abstract

This paper proposes a model of scientific output utilizing a Cobb-Douglas production function. We employ a newly available panel dataset to analyze patterns of investment in research across countries and their consequences for research leadership. Results suggest some evidence that the demographic mix of a country may matter more than previously thought in determining scientific output relative to R&D spending and the existing stock of scientific output.

Suggested Citation

  • Basuchoudhary, Atin & Reksulak, Michael, 2007. "Losing The Edge At The Final Frontier: A Relative Decline In Scientific Inputs And Its Consequences," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(2), pages 23-36.
  • Handle: RePEc:eaa:aeinde:v:7:y:2007:i:2_2
    as

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    References listed on IDEAS

    as
    1. Bessette, Russell W, 2003. "Measuring the Economic Impact of University-Based Research," The Journal of Technology Transfer, Springer, vol. 28(3-4), pages 355-361, August.
    2. Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1991. "The Allocation of Talent: Implications for Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 503-530.
    3. Michael Kremer, 1993. "Population Growth and Technological Change: One Million B.C. to 1990," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 681-716.
    4. Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-970, December.
    5. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
    6. Knack, Stephen & Keefer, Philip, 1995. "Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Indicators," MPRA Paper 23118, University Library of Munich, Germany.
    7. Charles I. Jones, 2002. "Sources of U.S. Economic Growth in a World of Ideas," American Economic Review, American Economic Association, vol. 92(1), pages 220-239, March.
    8. Richard B. Freeman, 2006. "Does Globalization of the Scientific/Engineering Workforce Threaten U.S. Economic Leadership?," NBER Chapters,in: Innovation Policy and the Economy, Volume 6, pages 123-158 National Bureau of Economic Research, Inc.
    9. Irwin Feller, 2004. "Virtuous and Vicious Cycles in the Contributions of Public Research Universities to State Economic Development Objectives," Economic Development Quarterly, , vol. 18(2), pages 138-150, May.
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    More about this item

    Keywords

    Technological Change; Public Policy; Demographics; R&D;

    JEL classification:

    • H0 - Public Economics - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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