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Growth And Public Support To Innovation And Imitation

  • Fidel Pérez Sebastián

    ()

    (Universidad de Alicante)

The paper studies technology policy within a version of Jones's (1995) non-scale R&D-based growth framework that incorporates imitation of foreign techniques. The transitional dynamics of the model can account for some well-known empirical regularities regarding the relationship between the level of economic development and public support to technology innovation and imitation. The paper also documents that mos predictions of the model are consistent with the empirical evidence. Overall, these results suggest that foreign techniques can be the main driving force behind imitation policy. The paper shows as well that, even though policy in Jones-type non-scale models has no long-run growth effects, level effects can be substantial.

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File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2001-31.pdf
File Function: Fisrt version / Primera version, 2001
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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2001-31.

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Length: 39 pages
Date of creation: Dec 2001
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:2001-31
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  1. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May.
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  3. Segerstrom, Paul S, 1991. "Innovation, Imitation, and Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 807-27, August.
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  13. David Currie & Paul Levine & Joeseph Pearlman & Michael Chui, 1996. "Phases of Imitation and Innovation in a North-South Endogenous Growth Model," School of Economics Discussion Papers 9602, School of Economics, University of Surrey.
  14. Judd, M Ann & Boyce, James K & Evenson, Robert E, 1986. "Investing in Agricultural Supply: The Determinants of Agricultural Research and Extension Investment," Economic Development and Cultural Change, University of Chicago Press, vol. 35(1), pages 77-113, October.
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  25. Judd, Kenneth L., 1992. "Projection methods for solving aggregate growth models," Journal of Economic Theory, Elsevier, vol. 58(2), pages 410-452, December.
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  27. van Elkan, Rachel, 1996. "Catching up and slowing down: Learning and growth patterns in an open economy," Journal of International Economics, Elsevier, vol. 41(1-2), pages 95-111, August.
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  29. Mansfield, Edwin & Schwartz, Mark & Wagner, Samuel, 1981. "Imitation Costs and Patents: An Empirical Study," Economic Journal, Royal Economic Society, vol. 91(364), pages 907-18, December.
  30. Coe, David T & Helpman, Elhanan & Hoffmaister, Alexander, 1995. "North-South R&D Spillovers," CEPR Discussion Papers 1133, C.E.P.R. Discussion Papers.
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