Growth and Public Support to Research and Imitation: The International Connection

Fidel PÈrez Sebasti·n (fidel.perez@unavarra.es)
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Fidel PÈrez Sebasti·n: Departamento de Economia - UPNA, https://www.unavarra.es/departamento-economia

No 9907, Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra

Abstract: This paper studies technology policy within the context of an R&D-based growth model. We first use cross-country data to document several empirical regularities regarding the relationship between public support to research and imitating, and relative income levels. We then construct a model in which the possibilibty of copying foreing ideas through a technology that exhibits diminishing imitation opportunities is sufficient to account for the observed average patterns. We also find that policy intervention can produce important welfare benefits; capital accumulation subsidies show a slightly larger contribution to the welfare improvement than R&D support.

Keywords: research; imitation; policy; growthl; transitional dynamics. (search for similar items in EconPapers)
JEL-codes: O11 O38 (search for similar items in EconPapers)
Pages: 35 pages
Date: 1999
New Economics Papers: this item is included in nep-dev, nep-ino and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:nav:ecupna:9907

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