The paper analyses the impact of research and development subsidies on incumbent firms to introduce new goods. Findings indicate that find that the innovator always introduces a new product of higher quality and withdraws the existing
product from the market.
The author assesses the properties of scale-free endogenous growth models in presence of use costs for the final users. Findings of the study indicate that under mild conditions use costs decrease the rate of vertical innovation and of overall economic growth.
The authors develop a real options model of research and development (R&D) valuation, which takes into account the uncertainty in the quality of the research output, the time and cost to completion, and the market demand for the R&D output. The model is then applied to study the problem of pharmaceutical under-investment in R&D for vaccines to treat diseases affecting the developing regions of the world.
The paper reviews approaches to the evaluation of economic policy research and discusses the main lessons drawn from a series of International Food Policy Research Institute case studies on ways to heighten and analyze the impact of economic policy research on policy decisions.
The authors address the following questions: Have jobs been transplanted from the U.S.? How significant is this phenomenon and how
sustainable is it? What is the potential impact on future job creation and wage inequality in the U.S.? and How is it likely to impact the real estate sector?
The authors trace the evolution of research and development (R&D) expenditures along the development process using a new global panel data set. The first part shows that R&D effort measured as a share of GDP rises with development at an increasing rate. It then examines how four groups of countries from Latin America, Asia, advanced manufacturing exporters and advanced natural resource abundant countries fare relative to the predicted development trajectory.
The paper examines new high-tech establishments in U.S. counties, focusing on their relationship with university research and development. A conditional logit-Poisson model is used to estimate the determinates of business establishment births appearing from the mid 1990s through 2000.
The paper presents new evidence on the practice of industrial research and development (R&D), specifically the allocation between learning and internal research, and the role of outside knowledge, as represented by R&D spillovers in reshaping this allocation.
The paper studies the influence of research and development in the federal laboratory system Results are based on a sample of 220 industrial research laboratories that work with a variety of
federal laboratories and agencies and are owned by 115 firms in the chemicals, machinery, electrical equipment, and motor vehicles industries.
The report finds that federal funding for research and development of counter terrorism has increased substantially following the Sept.11 attacks. The report reviews budget and coordination issues of the Department of Homeland Security.