On the Design of Basic-Research Policy

Arbeitspapier

We augment a Schumpeterian growth model with a public basic-research sector to examine how much a country should invest in basic research. We find that the closer the country is to the world’s technological frontier the more the government should invest in basic research. Basic-research expenditures are increasing with a country’s degree of openness as long as innovation sizes are small. We provide possible explanations for the empirical evidence available on basic-research expenditures across countries.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Economics Working Paper Series ; No. 08/79

Classification and Topics

• Classification: Wirtschaft ; Innovation and Invention: Processes and Incentives ; Technological Change: Government Policy
• Subject: basic research ; openness ; distance to frontier ; economic growth ; Grundlagenforschung ; Forschungsfinanzierung ; Wirtschaftswachstum ; Handelsliberalisierung ; Technische Effizienz ; Internationale Wirtschaft ; Schumpeterismus ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gersbach, Hans ; Schneider, Maik T. ; Schneller, Olivier
• Event: Veröffentlichung
• (who): ETH Zurich, CER-ETH - Center of Economic Research
• (where): Zurich
• (when): 2008

Further information

• DOI: doi:10.3929/ethz-a-005541940
• Handle: http://hdl.handle.net/10419/171522
• Last update: 10.03.2025, 11:46 AM CET