| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7950 |
| DP7950 Hierarchical Growth: Basic and Applied Research | |
| Hans Gersbach; Gerhard Sorger; Christian Amon | |
| 发表日期 | 2010-08-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We develop a model that incorporates salient features of growth in modern economies. We combine the expanding-variety growth model through horizontal innovations with a hierarchy of basic and applied research. The former extends the knowledge base, while the latter commercializes it. Two-way spillovers reinforce the productivity of research in each sector. We establish the existence of balanced growth paths. Along such paths the stock of ideas and the stock of commercialized blueprints for intermediate goods grow with the same rate. Basic research is a necessary and sufficient condition for economic growth. We show that there can be two different facets of growth in the economy. First, growth may be entirely shaped by investments in basic research if applied research operates at the knowledge frontier. Second, long-run growth may be shaped by both basic and applied research and growth can be further stimulated by research subsidies. We illustrate different types of growth processes by examples and polar cases when only upward or downward spillovers between basic and applied research are present. |
| 主题 | Industrial Organization |
| 关键词 | Applied research Basic research Commercialization Hierarchical economic growth Knowledge base |
| URL | https://cepr.org/publications/dp7950 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536785 |
| 推荐引用方式 GB/T 7714 | Hans Gersbach,Gerhard Sorger,Christian Amon. DP7950 Hierarchical Growth: Basic and Applied Research. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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