| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13833 |
| DP13833 From Local to Global: A Unified Theory of Public Basic Research | |
| Hans Gersbach; Ulrich Schetter; Samuel Schmassmann | |
| 发表日期 | 2019-07-01 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We analyze public investment in basic research in a multi-country, multi-industry environment with international trade. Basic research generates ideas which private firms take up in applied research to develop new varieties. A country's current specialization in international trade thus determines which ideas can be commercialized domestically. We demonstrate that the equilibrium is consistent with key patterns observed from the data. We then compare basic research investments of national governments with optimal investments of a global social planner. We show that national investments are inefficient along three dimensions: (1) There is typically too little total investment in basic research. (2) Basic research is too heavily concentrated in industrialized countries. (3) And basic research is potentially insufficiently directed to support innovation in complex, high-tech industries. |
| 主题 | Industrial Organization ; Public Economics |
| 关键词 | Basic research Economic growth International trade Knowledge spillover Optimal policy |
| URL | https://cepr.org/publications/dp13833 |
| 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/542708 |
| 推荐引用方式 GB/T 7714 | Hans Gersbach,Ulrich Schetter,Samuel Schmassmann. DP13833 From Local to Global: A Unified Theory of Public Basic Research. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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