On the Design of Basic-Research Policy

Hans Gersbach, Maik Schneider and Olivier Schneller ()
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Olivier Schneller: CER-ETH Center of Economic Research at ETH Zurich, Switzerland

No 08/79, CER-ETH Economics working paper series from CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich

Abstract: We augment a Schumpeterian growth model with a public basic-research sector to examine how much a country should invest in basic research. We find that the closer the country is to the world’s technological frontier the more the government should invest in basic research. Basic-research expenditures are increasing with a country’s degree of openness as long as innovation sizes are small. We provide possible explanations for the empirical evidence available on basic-research expenditures across countries.

Keywords: basic research; openness; distance to frontier; economic growth (search for similar items in EconPapers)
JEL-codes: O31 O38 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2008-01
New Economics Papers: this item is included in nep-ino
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Citations: View citations in EconPapers (9)

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