Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192554 
Year of Publication: 
2008
Series/Report no.: 
Discussion Papers No. 572
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
Research and development (R&D) play a pivotal role for innovation and productivity growth, and knowledge spillovers can make the case for public support to private R&D. In small and open economies, absorption of foreign knowledge through exports and imports can be even more decisive for economic growth than domestic innovation. This macro economic analysis investigates how policies should be formed in order to reap the largest productivity effects, when both these sources of growth interplay. In particular, the firms' capacity to absorb knowledge from abroad depends on domestic R&D, and this reinforces the efficiency arguments for stimulating R&D. We find that from a welfare perspective, export promotion of R&D-based technologies proves slightly more efficient than R&D support.
Subjects: 
Absorptive capacity
Computable general equilibrium model
Endogenous growth
Research and Development
Spillovers
Two faces of R&D.
Document Type: 
Working Paper

Files in This Item:
File
Size
336.98 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.