dc.contributor.author | Bye, Brita | |
dc.contributor.author | Fæhn, Taran | |
dc.contributor.author | Grünfeld, Leo A. | |
dc.date.accessioned | 2012-08-07T16:38:37Z | |
dc.date.available | 2012-08-07T16:38:37Z | |
dc.date.issued | 2011 | |
dc.identifier.citation | Brita Bye, Taran Faehn, and Leo A. Grunfeld (2011) “Growth and innovation policy in a small, open economy: Should you stimulate domestic R&D or exports?,” The B.E. Journal of Economic Analysis & Policy: Vol. 11: Iss. 1 (Topics), Article 42. | no_NO |
dc.identifier.issn | 1935-1682 | |
dc.identifier.other | http://dx.doi.org/10.2202/1935-1682.2363 | |
dc.identifier.uri | http://hdl.handle.net/11250/178144 | |
dc.description.abstract | In small and open economies, absorption of foreign knowledge through international trade often plays a more important role for domestic innovation and growth than investment in domestic R&D. This suggests that trade policies can increase knowledge spillovers from abroad. Public support to R&D can be motivated both by positive internal knowledge externalities and by its ability to expand absorptive capacity. This dynamic, empirical, general equilibrium analysis models these interplays between R&D, trade and productivity. It compares public R&D support and export promotion of R&D based products with respect to long term growth and welfare impacts. We find that export promotion is inferior to R&D support in spurring R&D. However, it is not outperformed in terms of welfare generation. The reason is that existing and politically persistent policy interventions create inefficiencies that can be counteracted by R&D-based export promotion as a second-best policy.
Keywords: absorptive capacity; computable general equilibrium (CGE) model; endogenous growth; research and development; international spillovers | no_NO |
dc.language.iso | eng | no_NO |
dc.publisher | Berkeley Electronic Press / De Gruyter | no_NO |
dc.subject | Economic growth | no_NO |
dc.subject | Innovation policy | no_NO |
dc.subject | Research and development (R&D) | no_NO |
dc.subject | Computable general equilibrium (CGE) model | no_NO |
dc.subject | International spillovers | no_NO |
dc.subject | Økonomisk vekst | no_NO |
dc.subject | Innovasjon | no_NO |
dc.subject | Forskning og utvikling (FoU) | no_NO |
dc.subject | Scientific article | no_NO |
dc.title | Growth and innovation policy in a small, open economy: Should you stimulate domestic R&D or exports? | no_NO |
dc.type | Journal article | no_NO |
dc.type | Peer reviewed | no_NO |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Economics: 212 | no_NO |
dc.source.pagenumber | Article 42 | no_NO |
dc.source.volume | Vol. 11 | no_NO |
dc.source.journal | The B.E. Journal of Economic Analysis & Policy | no_NO |
dc.source.issue | Issue 1 | no_NO |