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Back to Basics: Basic Research Spillovers, Innovation Policy and Growth
Hanley, Douglas; Akcigit, Ufuk; Serrano-Velarde, Nicolas - Department of Economics, University of Pittsburgh - 2014
This paper introduces a model of endogenous growth through basic and applied research. Basic research differs from applied research in the nature and the magnitude of the generated spillovers. We propose a novel way of empirically identifying these spillovers and embed them in a general...
Persistent link: https://www.econbiz.de/10010929532
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Transition to Clean Technology
Hanley, Douglas; Acemoglu, Daron; Akcigit, Ufuk; Kerr, … - Department of Economics, University of Pittsburgh - 2014
innovation-in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …
Persistent link: https://www.econbiz.de/10010929533