Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/194121 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
Economics Working Paper Series No. 18/298
Verlag: 
ETH Zurich, CER-ETH - Center of Economic Research, Zurich
Zusammenfassung: 
What is the economic rationale for investing in science? Based on an open economy model of creative destruction, we characterize four key factors of optimal investment in basic research: the stage of economic development, the strength of the manufacturing base, the degree of openness, and the share of foreign-owned firms. For each of these factors, we analyse its bearings on optimal basic research investment. We then show that the predicted effects are consistent with patterns observed in the data and discuss how the factor-based approach might inform basic research policies.
Schlagwörter: 
Basic Research
Economic Growth
Growth Policy
JEL: 
H41
O38
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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