Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171522
Authors: 
Gersbach, Hans
Schneider, Maik T.
Schneller, Olivier
Year of Publication: 
2008
Series/Report no.: 
Economics Working Paper Series 08/79
Abstract: 
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.
Subjects: 
basic research
openness
distance to frontier
economic growth
JEL: 
O31
O38
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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