Basic Research and Growth
In this project, we examine the role of (public) basic research on long-run economic growth with the aim to derive optimal policies. The main research questions are:
- What is a country's optimal amount of public basic research expenditure in a globalized world?
- What is the optimal mix of basic research and applied research?
- What is the optimal fincancing scheme for basic research?
- Should basic research efforts be concentrated on certain economic sectors?
- Should a country that is highly exposed to competition with productivity leaders invest more in basic research than a country that is less exposed?
- Should a country that is close to the technological frontier invest more in basic research than a country that is lagging behind in productivity?
- Should a country concentrate its research resources on sectors exposed to foreign competition?
- Is a concentration of basic research on technologically advanced sectors optimal?
- Should democratic procedures, expert groups, or bureaucratic procedures using macro-indicators, determine the amount and mix of basic research?
- Who should be taxed how much to finance public basic research? Entrepreneurs? Workers? In what proportion?
- Can our theoretical analysis explain present basic-research investment patterns?
- On the Global Supply of Basic Research, Journal of Monetary Economics, 75(C), 2015, 123-137.
(Hans Gersbach and Maik T. Schneider)
Working Paper Version
- Basic Research, Openness and Convergence, Journal of Economic Growth, 18(1), 2013, 33-68.
(Hans Gersbach, Maik T. Schneider and Olivier Schneller )
Working Paper Version (PDF, 1.3 MB)
- Basic Research and Growth Policy, in D. Foray (ed.): The New Economics of Technology Policy, Edward Elgar Publishing, Cheltenham, UK, 2009.
- Handbook of Economic Growth 1, Volumes A and B, Philippe Aghion and Steven N. Durlauf, editors, Journal of Development Economics 90, 323-325, 2009
(Hans Gersbach and Volker Hahn)
- How Much Science? The 5 Ws (and 1 H) of Investing in Basic Research
(Hans Gersbach, Ulrich Schetter and Maik T. Schneider)
- Hierarchical Growth: Basic and Applied Research
(Hans Gersbach, Gerhard Sorger and Christian Amon)
- Optimal Mix of Applied and Basic Research, Distance to Frontier, and Openness
(Hans Gersbach, Maik T. Schneider and Olivier Schneller)
- Ulrich Schetter
- Maik T. Schneider (University of Bath)