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dc.contributor.author
Gersbach, Hans
dc.contributor.author
Schneider, Maik T.
dc.date.accessioned
2019-05-28T09:03:36Z
dc.date.available
2017-06-13T18:51:45Z
dc.date.available
2019-05-28T09:03:36Z
dc.date.issued
2013-02
dc.identifier.uri
http://hdl.handle.net/20.500.11850/153851
dc.identifier.doi
10.3929/ethz-a-007634769
dc.description.abstract
In this paper we study the incentives for basic-research investments by governments in a globalized world. For this purpose, we develop a two-country Schumpeterian growth model in which each country chooses its basic-research investments. We find that a country’s basic-research investments increase with the country’s level of human capital and decline with its ownmarket size. This may explain the large basic-research investments by small open economies. Compared with the optimal investments achievable when countries coordinate their basic-research policies, a single country may over-invest in basic research. However, in the decentralized case the total amount of basic-research investments is always below the socially optimal investment level, which justifies policy coordination in this area.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Basic research
en_US
dc.subject
Public goods
en_US
dc.subject
Economic growth
en_US
dc.subject
Coordination of governments
en_US
dc.title
On the global supply of basic research
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
dc.date.published
2013
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
13/175
en_US
ethz.size
40 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.code.jel
JEL - JEL::O - Economic Development, Innovation, Technological Change, and Growth::O3 - Innovation; Research and Development; Technological Change; Intellectual Property Rights::O31 - Innovation and Invention: Processes and Incentives
en_US
ethz.code.jel
JEL - JEL::O - Economic Development, Innovation, Technological Change, and Growth::O3 - Innovation; Research and Development; Technological Change; Intellectual Property Rights::O38 - Government Policy
en_US
ethz.identifier.nebis
007634769
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.
en_US
ethz.relation.isPreviousVersionOf
20.500.11850/105756
ethz.date.deposited
2017-06-13T18:52:52Z
ethz.source
ECOL
ethz.identifier.importid
imp59366b3958b7259946
ethz.ecolpid
eth:6682
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-25T19:53:59Z
ethz.rosetta.lastUpdated
2019-05-28T09:04:00Z
ethz.rosetta.exportRequired
false
ethz.rosetta.versionExported
true
ethz.COinS
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