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Autoren: 
Slavtchev, Viktor
Wiederhold, Simon
Datum: 
2012
Schriftenreihe/Nr.: 
ifo Working Paper No. 135
Zusammenfassung: 
Governments purchase everything from airplanes to zucchini. This paper investigates whether the technological intensity of government demand affects corporate R&Dactivities. In a quality-ladder model of endogenous growth, we show that an increase in the share of government purchases in high-tech industries increases the rewards for innovation, and stimulates private-sector R&D at the aggregate level. We test this prediction using administrative data on federal procurement performed in US states. Both panel fixed effects and instrumental variable estimations provide results in line with the model. Our findings bring public procurement within the realm of the innovation policy debate.
Schlagwörter: 
Government demand
technological change
endogenous growth
innovation policy
JEL: 
E62
H57
O31
O33
O38
Dokumentart: 
Working Paper

Datei(en):
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