Strategic policies and growth: an applied model of R&D-driven endogenous growth
| dc.creator | Diao, Xinshen | |
| dc.creator | Roe, Terry L. | |
| dc.creator | Yeldan, A. Erinc | |
| dc.date | 1999-12 | |
| dc.date | 2025-01-29T12:58:11Z | |
| dc.date | 2025-01-29T12:58:11Z | |
| dc.date.accessioned | 2026-06-27T15:10:28Z | |
| dc.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. | |
| dc.identifier | https://hdl.handle.net/10568/171446 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/96730 | |
| dc.language | en | |
| dc.publisher | Elsevier | |
| dc.rights | Limited Access | |
| dc.source | 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 | |
| dc.subject | trade policies | |
| dc.title | Strategic policies and growth: an applied model of R&D-driven endogenous growth | |
| dc.type | Journal Article |