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Basic research, openness, and convergence
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...
Basic research, openness, and convergence
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...
On the global supply of basic research
In a two-country Schumpeterian growth model, we study the incentives for basic research investments by governments in a globalized world. A country’s basic research investments increase with the country’s level of human capital...
On the global supply of basic research
In a two-country Schumpeterian growth model, we study the incentives for basic research investments by governments in a globalized world. A country’s basic research investments increase with the country’s level of human capital...