Research policy and endogenous growth

  1. Morales Illán, María Fuensanta
Revista:
Spanish economic review

ISSN: 1435-5469

Año de publicación: 2004

Volumen: 6

Número: 3

Páginas: 179-210

Tipo: Artículo

DOI: 10.1007/S10108-004-0081-7 DIALNET GOOGLE SCHOLAR

Otras publicaciones en: Spanish economic review

Objetivos de desarrollo sostenible

Resumen

This paper studies the effects of different types of research policy on economic growth. We find that while subsidies to private research, public funding of private projects, and basic research performed at public institutions have unambiguously positive effects on growth, performing applied research at public institutions could have negative growth effects. This is due to the large crowding out of private research caused by public R&D when it competes with private firms in the patent race.

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