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Economic Rationales for Investments in Science
| Content Provider | Scilit |
|---|---|
| Author | Gersbach, Hans Schetter, Ulrich Schneider, Maik T. |
| Copyright Year | 2018 |
| Description | Journal: SSRN Electronic Journal What is the economic rationale for investing in science? Based on an open economy model of creative destruction, we characterize four key factors of optimal investment in basic research: the stage of economic development, the strength of the manufacturing base, the degree of openness, and the share of foreign-owned firms. For each of these factors, we analyse its bearings on optimal basic research investment. We then show that the predicted effects are consistent with patterns observed in the data and discuss how the factor-based approach might inform basic research policies. |
| Related Links | https://www.econstor.eu/bitstream/10419/194121/1/WP-18-298.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3269295 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.3269295 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2018-10-18 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal History and Philosophy of Science Basic Research Economic Growth Growth Policy |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |