Research policy and endogenous growth

Maria Morales

Spanish Economic Review, 2004, vol. 6, issue 3, 179-209

Abstract: This paper studies the effects of different types of research policy on economic growth. We find that while subsidies to private research, public funding of private projects, and basic research performed at public institutions have unambiguously positive effects on growth, performing applied research at public institutions could have negative growth effects. This is due to the large crowding out of private research caused by public R&D when it competes with private firms in the “patent race”. Copyright Springer-Verlag Berlin/Heidelberg 2004

Keywords: Research policy; basic and applied research; endogenous growth (search for similar items in EconPapers)
Date: 2004
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Working Paper: Research Policy and Endogenous Growth (2001)
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DOI: 10.1007/s10108-004-0081-7

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