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Entice : Endogenous Technological Change in the Dice Model of Global Warming

Popp, David - 2021

Despite growing empirical evidence of the link between environmental policy and innovation, most economic models of … innovation in the energy sector. Ignoring induced technological change overstates the welfare costs of an optimal carbon tax …, as the effect of induced innovation on emissions and mean global temperature is small. Sensitivity analysis shows that …

Persistent link: https://www.econbiz.de/10013243611

European Technology Policy

Eaton, Jonathan; Gutierrez, Eva; Kortum, Samuel S. - 2021

European countries do less research than Japan and the United States. We use a quantitative multi-country growth model to ask: (i) Why is this so? (ii) Would there be any benefit to expanding research in Europe? (iii) What would various European research promotion policies do? We find that (i)...

Persistent link: https://www.econbiz.de/10013245102

Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence

David, Paul A.; Hall, Bronwyn H.; Toole, Andrew A. - 2021

Is public R&D spending complementary and thus "additional" to private R&D spending, or does it substitute for and tend to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available economectric evidence accumulated over the past 35 years. A framework...

Persistent link: https://www.econbiz.de/10013245706

International R&D Spillovers

Coe, David T.; Helpman, Elhanan - 2021

Investment in research and development (R&D) affects a country's total factor productivity. Recently new theories of economic growth have emphasized this link and have also identified a number of channels through which a country's R&D affects total factor productivity of its trade partners....

Persistent link: https://www.econbiz.de/10013246064

Research and Development as an Investment

Hall, Bronwyn H.; Hayashi, Fumio - 2021

About 20 percent of the gross investment expenditures of U.S. manufacturing firms is expenditures on research and development. Like investment in physical capital, R&D also responds to news about future prospects of the firm, such as profitability, technological opportunities, or changes in...

Persistent link: https://www.econbiz.de/10013247005

Why and Wherefore of Increased Scientific Collaboration

Freeman, Richard B. - 2014

This paper examines international and domestic collaborations using data from an original survey of corresponding authors and Web of Science data of articles that had at least one US coauthor in the fields of Particle and Field Physics, Nanoscience and Nanotechnology, and Biotechnology and...

Persistent link: https://www.econbiz.de/10013060638

Does Knowledge Accumulation Increase the Returns to Collaboration?

Agrawal, Ajay K. - 2014

We conduct the first empirical test of the knowledge burden hypothesis, one of several theories advanced to explain increasing team sizes in science. For identification, we exploit the collapse of the USSR as an exogenous shock to the knowledge frontier causing a sudden release of previously...

Persistent link: https://www.econbiz.de/10013061819

Digital Dark Matter and the Economic Contribution of Apache

Greenstein, Shane M. - 2014

Researchers have long hypothesized that spillovers from government, university, and private company R&D contribute to economic growth, but these contributions may be difficult to measure when they take a non-pecuniary form. The growth of networking devices and the Internet in the 1990s and 2000s...

Persistent link: https://www.econbiz.de/10013062615

Public & Private Spillovers, Location and the Productivity of Pharmaceutical Research

Furman, Jeffrey L. - 2014

While there is widespread agreement among economists and management scholars that knowledge spillovers exist and have important economic consequences, researchers know substantially less about the quot;micro mechanismsquot; of spillovers -- about the degree to which they are geographically...

Persistent link: https://www.econbiz.de/10012752114

Birds of a Feather - Better Together? Exploring the Optimal Spatial Distribution of Ethnic Inventors

Agrawal, Ajay K. - 2013

We examine how the spatial and social proximity of inventors affects knowledge flows, focusing especially on how the two forms of proximity interact. We develop a knowledge flow production function (KFPF) as a flexible tool for modeling access to knowledge and show that the optimal spatial...

Persistent link: https://www.econbiz.de/10012754047