Noy, Ilan; Aizenman, Joshua - Department of Economics, University of Hawaii-Manoa - 2007
This paper studies the impact of global factors on patterns of basic research across countries and time. We rely on the … engaging in basic research is an important explanatory variable of country's share of prizes. Scale effects imply that the … impact the viability of basic research about 30 years after the fact. With more recent data, we document the growing …