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http://hdl.handle.net/10419/56846
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| Title: | | The impact of government procurement composition on private R&D activities  |
| Authors: | | Slavtchev, Viktor Wiederhold, Simon |
| Issue Date: | | 2011 |
| Series/Report no.: | | Jena economic research papers 2011,036 |
| Abstract: | | This paper addresses the question of whether government procurement can work as a de facto innovation policy tool. We develop an endogenous growth model with quality-improving in-novation that incorporates industries with heterogeneous innovation sizes. Government de-mand in high-tech industries increases the market size in these industries and, with it, the in-centives for private firms to invest in R&D. At the economy-wide level, the additional R&D induced in high-tech industries outweighs the R&D foregone in all remaining industries. The implications of the model are empirically tested using a unique data set that includes federal procurement in U.S. states. We find evidence that a shift in the composition of government purchases toward high-tech industries indeed stimulates privately funded company R&D. |
| Subjects: | | public demand technological change endogenous growth |
| JEL: | | E62 H54 H57 O31 O32 O41 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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