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dc.contributor.author
Gersbach, Hans
dc.contributor.author
Schneider, Maik T.
dc.contributor.author
Schneller, Olivier
dc.date.accessioned
2019-05-23T07:57:10Z
dc.date.available
2017-06-09T08:41:43Z
dc.date.available
2017-08-22T10:38:08Z
dc.date.available
2019-05-23T07:57:10Z
dc.date.issued
2010-10
dc.identifier.uri
http://hdl.handle.net/20.500.11850/28187
dc.identifier.doi
10.3929/ethz-a-006180621
dc.description.abstract
We study a model where economic growth is fueled by public basic-research investment and the importation of leading technology from foreign countries. In each period, the government chooses the amount of basic research, balancing the cost and benefits of stimulating growth through both channels. We establish the existence of steady states and the long-run share of technologically advanced sectors in the economy. Then, we explore how different degrees of openness affect long-term incentives to invest in basic research. Our main insight is that higher openness tends to encourage more investment in basic research which, in turn, yields a larger share of leading sectors. If, however, there are prospects of importing large technology advancements, highly open countries will reduce basic research as such imports become particularly valuable.
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
Openness
en_US
dc.subject
Economic growth
en_US
dc.subject
Basic research
en_US
dc.title
Basic research, openness, and convergence
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
10/139
en_US
ethz.size
34 p.
en_US
ethz.code.ddc
DDC - 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.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.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03729 - Gersbach, Hans / Gersbach, Hans
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03729 - Gersbach, Hans / Gersbach, Hans
ethz.relation.isPreviousVersionOf
10.3929/ethz-b-000061022
ethz.date.deposited
2017-06-09T08:41:58Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59364d856cc4d94115
ethz.identifier.importid
imp59366af37bd9767316
ethz.ecolpid
eth:1803
ethz.ecitpid
pub:47232
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-31T14:37:57Z
ethz.rosetta.lastUpdated
2021-02-15T04:37:30Z
ethz.rosetta.versionExported
true
ethz.COinS
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