| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11707 |
| DP11707 Back to Basics: Basic Research Spillovers, Innovation Policy and Growth | |
| Ufuk Akcigit; Douglas Hanley; Nicolas Serrano-Velarde | |
| 发表日期 | 2016-12-12 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper introduces a general equilibrium model of endogenous technical change through basic and applied research. Basic research differs from applied research in the nature and the magnitude of the generated spillovers. We propose a novel way of empirically identifying these spillovers and embed them in a framework with private firms and a public research sector. After characterizing the equilibrium, we estimate our model using micro-level data on research expenditures by French firms. Our key finding is that standard innovation policies (e.g., uniform R&D tax credits) can accentuate the dynamic misallocation in the economy by oversubsidizing applied research. Policies geared towards public basic research and its transmission to the private sector are significantly welfare improving. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Productivity Innovation Basic research Applied research Research and development Government spending Endogenous growth Spillover |
| URL | https://cepr.org/publications/dp11707 |
| 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/540521 |
| 推荐引用方式 GB/T 7714 | Ufuk Akcigit,Douglas Hanley,Nicolas Serrano-Velarde. DP11707 Back to Basics: Basic Research Spillovers, Innovation Policy and Growth. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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