Public science vs. mission-oriented policies in long-run growth: An agent-based model

Andrea Borsato () and André Lorentz ()
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Andrea Borsato: UniBg - Università degli Studi di Bergamo = University of Bergamo, BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
André Lorentz: BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: This paper offers a contribution to the literature on science policies and on the possible trade-off between broad science-technology policies and mission-oriented programs. We develop a multi-country, multi-sectoral agentbased model that represents a small-scale monetary union. Findings are threefold. Firstly, symmetric science policies from governments significantly reduce cross-country growth divergence. Secondly, even if economic growth is largely driven by the sectors with absolute advantages, having some flow of open science investments is sufficient for the other industries to survive and innovate. Thirdly, science policy limits monopolistic tendencies and reduces income inequality. Yet, the working of the model suggests that supply-side science policies should be paired with demand-side policies to meet grand societal challenges.

Keywords: Science policies; Structural and technical change; Economic growth (search for similar items in EconPapers)
Date: 2025-09
Note: View the original document on HAL open archive server: https://hal.science/hal-05092674v1
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Published in Structural Change and Economic Dynamics, 2025, 74, pp.129 - 146. ⟨10.1016/j.strueco.2025.03.001⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05092674

DOI: 10.1016/j.strueco.2025.03.001

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