| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17493 |
| 来源ID | Working Paper 17493 |
| Aggregate Implications of Innovation Policy | |
| Andrew Atkeson; Ariel T. Burstein | |
| 发表日期 | 2011-10-06 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We examine the quantitative impact of policy-induced changes in innovative investment by firms on growth in aggregate productivity and output in a model that nests several of the canonical models in the literature. We isolate two statistics, the impact elasticity of aggregate productivity growth with respect to an increase in aggregate innovative investment and the degree of intertemporal knowledge spillovers in research, that play a key role in shaping the model’s predicted dynamic response of aggregate productivity, output, and welfare to a policy-induced change in the innovation intensity of the economy. Given estimates of these statistics, we find that there is only modest scope for increasing aggregate productivity and output over a 20-year horizon with uniform subsidies to firms’ investments in innovation of a reasonable magnitude, but the welfare gains from such a subsidy may be substantial. |
| 主题 | Macroeconomics ; Fiscal Policy ; Development and Growth ; Development ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w17493 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575168 |
| 推荐引用方式 GB/T 7714 | Andrew Atkeson,Ariel T. Burstein. Aggregate Implications of Innovation Policy. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17493.pdf（931KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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