Croissance optimale fondée sur la R&D: Combien pour la recherche et combien pour le développement ?

Fabien Tripier

Annals of Economics and Statistics, 2008, issue 90, 75-102

Abstract: This paper studies the optimal growth when research and development are explicitly distinguished. To this end, we perform the quantitative welfare analysis of an original model based on (i) a matching process between research and development and (ii) a competitive search process that determines the sharing rule of profits between firms. The model is calibrated to reproduce the stylized facts of the post-war United-States growth. Results indicate that both research and development activities have to be supported to reach the optimal growth, but the support is stronger for the first: private research investments have to be multiplied by eight against by two for private development investments.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2008:i:90:p:75-102

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