Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32584 
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dc.contributor.authorWiederhold, Simonen
dc.date.accessioned2010-01-28-
dc.date.accessioned2010-05-20T14:33:57Z-
dc.date.available2010-05-20T14:33:57Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/32584-
dc.description.abstractThis paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We construct a parsimonious Schumpeterian growth model in which demand from the public sphere can effectively alter the economy's rate of technological change. We incorporate results of various empirical studies arguing that public sector demand acts as incentive for private innovation activities. In contrast to the standard Schumpeterian growth framework, we account for industry heterogeneity in terms of innovation potential. This extension allows to bring government demand policy within the realm of the growth policy debate. By varying the composition of its purchases, the government can induce a reallocation of private resources to stimulate the rate of technological change. This comes along with temporarily faster economic growth. Moreover, our welfare analysis implies that it is always worth implementing a policy in which industries benefit from public purchases subject to their specific innovation size.en
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2009,101en
dc.subject.jelE62en
dc.subject.jelH54en
dc.subject.jelH57en
dc.subject.jelO31en
dc.subject.jelO32en
dc.subject.jelO41en
dc.subject.ddc330en
dc.subject.keywordpublic demanden
dc.subject.keywordendogenous technological changeen
dc.subject.keywordSchumpeterian growthen
dc.subject.stwÖffentliche Beschaffungen
dc.subject.stwInnovationen
dc.subject.stwEndogener technischer Fortschritten
dc.subject.stwSchumpeterismusen
dc.subject.stwNeue Wachstumstheorieen
dc.subject.stwTheorieen
dc.titleGovernment spending composition in a simple model of Schumpeterian growth-
dc.typeWorking Paperen
dc.identifier.ppn617351252en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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