Too Much of a Good Thing? The Economics of Investment in R&D

Charles I. Jones () and John C. Williams ()

Working Papers from Harvard - Institute for International Development

Abstract: Empirical research in the micro productivity literature consistently supports the notion that there is too little R&D. However, the methodology of this literature, based on the neoclassical growth model, is challenged by new growth theory, which emphasizes a richer description of the relationship between R&D and productivity.

Keywords: RESEARCH AND DEVELOPMENT; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: O32 O41 (search for similar items in EconPapers)
Date: Written

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Related works:
Working Paper: Too Much of a Good Thing? The Economics of Investment in R&D
Working Paper: Too much of a good thing? The economics of investment in R&D (1995)
Working Paper: Too Much of a Good Thing? The Economics of Investment in R&D
Working Paper: Too Much of a Good Thing? The Economics of Investment in R&D (1999)
Working Paper: Too Much of a Good Thing? The Economics of Investment in R&D" (1999)
Journal Article: Too Much of a Good Thing? The Economics of Investment in R&D (2000)
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