Basic research — a new funding climate?
In: Science and public policy: journal of the Science Policy Foundation, Band 23, Heft 2, S. 66-75
ISSN: 1471-5430
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In: Science and public policy: journal of the Science Policy Foundation, Band 23, Heft 2, S. 66-75
ISSN: 1471-5430
In: Bulletin of the atomic scientists, Band 22, Heft 1, S. 16-22
ISSN: 1938-3282
In: Research policy: policy, management and economic studies of science, technology and innovation, Band 20, Heft 2, S. 109-119
ISSN: 0048-7333
World Affairs Online
In this paper we study the incentives for basic-research investments by governments in a globalized world. For this purpose, we develop a two-country Schumpeterian growth model in which each country chooses its basic-research investments. We find that a country's basic-research investments increase with the country's level of human capital and decline with its ownmarket size. This may explain the large basic-research investments by small open economies. Compared with the optimal investments achievable when countries coordinate their basic-research policies, a single country may over-invest in basic research. However, in the decentralized case the total amount of basic-research investments is always below the socially optimal investment level, which justifies policy coordination in this area.
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In: Soviet Law and Government, Band 23, Heft 2, S. 90-103
In: American behavioral scientist: ABS, Band 6, Heft 9, S. 86-90
ISSN: 1552-3381
In: Army logistician: the official magazine of United States Army logistics, Heft 1, S. 156-159
ISSN: 0004-2528
In this paper we study the incentives for basic-research investments by governments in a globalized world. For this purpose, we develop a two-country Schumpeterian growth model in which each country chooses its basic-research investments. We find that a country's basic-research investments increase with the country's level of human capital and decline with its own market size. This may explain the large basic-research investments by small open economies. Compared with the optimal investments achievable when countries coordinate their basic-research policies, a single country may over-invest in basic research. However, in the decentralized case the total amount of basic-research investments is always below the socially optimal investment level, which justifies policy coordination in this area.
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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.
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In: http://hdl.handle.net/2027/mdp.39015019059305
Mode of access: Internet. ; Prepared by: U.S. Army Research Institute for the Behavioral and Social Sciences. Office of Basic Research.
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