Strategic policies and growth: an applied model of R&D-driven endogenous growth
...Utilizing evidence from recent econometric studies on sources of growth, the model also accounts explicitly for cross-border technological spillovers. The model is specified and calibrated to data from Japan, and is solved to obtain both the transitional and the steady-state equilibria. We explor...
| Autores principales: | , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Elsevier
1999
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/171446 |
| _version_ | 1855522043795079168 |
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| author | Diao, Xinshen Roe, Terry L. Yeldan, A. Erinc |
| author_browse | Diao, Xinshen Roe, Terry L. Yeldan, A. Erinc |
| author_facet | Diao, Xinshen Roe, Terry L. Yeldan, A. Erinc |
| author_sort | Diao, Xinshen |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | ...Utilizing evidence from recent econometric studies on sources of growth, the model also accounts explicitly for cross-border technological spillovers. The model is specified and calibrated to data from Japan, and is solved to obtain both the transitional and the steady-state equilibria. We explore the effects of selective trade and R&D promotion policies on long-run growth and social welfare. The model results suggest that while a strategic trade policy has little effect on re-allocating resources into domestic R&D activities, it can significantly affect the cross-border spillovers of technological knowledge, which, in turn, stimulates growth. We find that trade liberalization may cause the growth rate to fall and lead to a loss of social welfare in the long-run, although it improves welfare in the short-run. R&D promotion policies stimulate growth by inducing private agents to allocate more resources to domestic R&D, as well as to take greater advantage of global R&D spillovers. Here, we find significantly high growth effects together with sizable gains in social welfare at low incidence to tax payers. |
| format | Journal Article |
| id | CGSpace171446 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1999 |
| publishDateRange | 1999 |
| publishDateSort | 1999 |
| publisher | Elsevier |
| publisherStr | Elsevier |
| record_format | dspace |
| spelling | CGSpace1714462025-02-19T14:00:43Z Strategic policies and growth: an applied model of R&D-driven endogenous growth Diao, Xinshen Roe, Terry L. Yeldan, A. Erinc trade policies ...Utilizing evidence from recent econometric studies on sources of growth, the model also accounts explicitly for cross-border technological spillovers. The model is specified and calibrated to data from Japan, and is solved to obtain both the transitional and the steady-state equilibria. We explore the effects of selective trade and R&D promotion policies on long-run growth and social welfare. The model results suggest that while a strategic trade policy has little effect on re-allocating resources into domestic R&D activities, it can significantly affect the cross-border spillovers of technological knowledge, which, in turn, stimulates growth. We find that trade liberalization may cause the growth rate to fall and lead to a loss of social welfare in the long-run, although it improves welfare in the short-run. R&D promotion policies stimulate growth by inducing private agents to allocate more resources to domestic R&D, as well as to take greater advantage of global R&D spillovers. Here, we find significantly high growth effects together with sizable gains in social welfare at low incidence to tax payers. 1999-12 2025-01-29T12:58:11Z 2025-01-29T12:58:11Z Journal Article https://hdl.handle.net/10568/171446 en Limited Access Elsevier Diao, Xinshen; Roe, Terry L.; Yeldan, A. Erinc. 1999. Strategic policies and growth: an applied model of R&D-driven endogenous growth. Journal of Development Economics 60(2): 343-380. https://doi.org/10.1016/S0304-3878(99)00044-9 |
| spellingShingle | trade policies Diao, Xinshen Roe, Terry L. Yeldan, A. Erinc Strategic policies and growth: an applied model of R&D-driven endogenous growth |
| title | Strategic policies and growth: an applied model of R&D-driven endogenous growth |
| title_full | Strategic policies and growth: an applied model of R&D-driven endogenous growth |
| title_fullStr | Strategic policies and growth: an applied model of R&D-driven endogenous growth |
| title_full_unstemmed | Strategic policies and growth: an applied model of R&D-driven endogenous growth |
| title_short | Strategic policies and growth: an applied model of R&D-driven endogenous growth |
| title_sort | strategic policies and growth an applied model of r d driven endogenous growth |
| topic | trade policies |
| url | https://hdl.handle.net/10568/171446 |
| work_keys_str_mv | AT diaoxinshen strategicpoliciesandgrowthanappliedmodelofrddrivenendogenousgrowth AT roeterryl strategicpoliciesandgrowthanappliedmodelofrddrivenendogenousgrowth AT yeldanaerinc strategicpoliciesandgrowthanappliedmodelofrddrivenendogenousgrowth |