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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

Covid-19 Disruptions Disproportionately Affect Female Academics

Deryugina, Tatyana; Shurchkov, Olga; Stearns, Jenna - 2021

The rapid spread of the COVID-19 pandemic and subsequent countermeasures, such as school closures, the shift to working from home, and social distancing are disrupting economic activity around the world. As with other major economic shocks, there are winners and losers, leading to increased...

Persistent link: https://www.econbiz.de/10013249372

Identifying Age, Cohort and Period Effects in Scientific Research Productivity : Discussion and Illustration Using Simulated and Actual Data on French Physicists

Hall, Bronwyn H.; Mairesse, Jacques; Turner, Laure - 2021

The identification of age, cohort (vintage), and period (year) effects in a panel of individuals or other units is an old problem in the social sciences, but one that has not been much studied in the context of measuring researcher productivity. In the context of a semi-parametric model of...

Persistent link: https://www.econbiz.de/10013249571

Inventing the Endless Frontier : The Effects of the World War Ii Research Effort on Post-War Innovation

Gross, Daniel P.; Sampat, Bhaven N. - 2022

During World War II, the U.S. government launched an unprecedented effort to mobilize science for war: the newly-established Office of Scientific Research and Development (OSRD) entered thousands of R&D contracts with industrial and academic contractors, spending one to two orders of magnitude...

Persistent link: https://www.econbiz.de/10013292242

Private and Social Returns to R&D : Drug Development and Demographics

Benmelech, Efraim; Eberly, Janice; Krieger, Joshua; … - 2022

Investment in intangible capital—in particular, research and development—increased dramatically since the 1990s. However, productivity growth remains sluggish in recent years. One potential reason is that a significant share of the increase in intangible investment is geared toward consumer...

Persistent link: https://www.econbiz.de/10014264816

Private and Public Investments in Biomedical Research

Durvasula, Maya; Ouellette, Lisa Larrimore; Williams, Heidi - 2022

Recent policy attention has focused on proposals to reduce prices for drugs that have received public funding. From an implementation perspective, such policies rely on public disclosure of government support for research. In this paper, we highlight two conceptual problems with past attempts to...

Persistent link: https://www.econbiz.de/10014265083