R&D Heterogeneity and the Impact of R&D Subsidies*

2021 ◽  
Author(s):  
Sigurd M⊘lster Galaasen ◽  
Alfonso Irarrazabal
Keyword(s):  
Economic Impact ◽  
Growth Model ◽  
Relative Size ◽  
Schumpeterian Growth ◽  
Size Dependent ◽  
Investment Growth ◽  
The Impact ◽  
D Investment ◽  
Model Fits

Abstract This paper studies the determinants of R&D heterogeneity and the economic impact of R&D subsidies. We estimate a Schumpeterian growth model featuring firms with heterogeneous innovation efficiencies. The model fits well the R&D investment distribution, and the frequency and relative size of R&D performers. Using the model we study the impact of a Norwegian R&D reform targeting firms with R&D spending below a certain threshold. The size-dependent subsidy increases aggregate R&D investment by 11.7%, but reduces growth and welfare. In contrast, a uniform subsidy stimulates investment, growth and welfare.

scholarly journals The Impact of Non-Pharmaceutical Interventions on the Growth Rate of New COVID-19 Cases: Evidence From Kazakhstan and Kyrgyzstan.

2021 ◽  
Author(s):  
Simeon Nanovsky ◽  
Zhanibek Arynov ◽  
Aigul Alzhanova
Keyword(s):  
Growth Rate ◽  
Least Squares ◽  
Economic Impact ◽  
Growth Model ◽  
Ordinary Least Squares ◽  
Policy Recommendation ◽  
The Impact ◽  
Pharmaceutical Interventions

Abstract Background: This article explores the effects of non-pharmaceutical interventions (NPIs also know as quarantine restrictions) on the reduction of the growth rate in new COVID-19 cases in Kazakhstan and Kyrgyzstan. It turns out that empirically NPIs gradually reduce the growth rate of new cases. This is theoretically backed by an epidemic growth model shown in the paper. Once this growth rate turns negative, it is only then that the actual levels of new cases begin to fall.Methods: The growth rate of new cases is regressed on NPIs. The contribution of NPIs is estimated via ordinary least squares. The paper is unique in that it uses the growth rate as the main dependent variable. Results: The regression results are able determine the impact of particular NPIs on the growth rate of new cases. In turns out that all types of NPIs are effective in reducing the growth rate. Conclusions: Interesting enough, comparing the results for the two countries, it appears that in the summer the partial-lockdown in Kyrgyzstan was just as effective as the full lockdown in Kazakhstan at reducing the growth rate. Therefore as a policy recommendation, and to avoid the economic impact of a full lockdown, these countries should stick with partial lockdowns. Lastly, a conservative counterfactual scenario indicates that total cases for 2020 would be 50% to 100% higher had the countries not imposed NPIs.

A PATENTABILITY REQUIREMENT AND INDUSTRY-TARGETED R&D

2018 ◽  
Vol 22 (4) ◽  
pp. 719-753 ◽  
Author(s):  
Keiichi Kishi
Keyword(s):  
Research And Development ◽  
Growth Model ◽  
Patent Office ◽  
Schumpeterian Growth ◽  
Technological Gap ◽  
Long Run ◽  
Negative Effect ◽  
The Mean ◽  
D Investment

I introduce a minimum innovation size required for patents into a Schumpeterian growth model. We show that to satisfy the patentability requirement for minimum innovation size, each research and development (R&D) firm targets only industries in which the incumbent's technology is of sufficient obsolescence. This is because the technological gap between innovator and incumbent is greater in industries using older technologies. Although the increase in minimum innovation size reduces the number of industries targeted for R&D, it also increases the amount of R&D investment directed at those targeted industries. Consequently, introducing a minimum innovation size has a nonmonotonic (or negative) effect on the aggregate flow of innovations. Further, by deriving the endogenous long-run distribution of innovation size, we show that an increase in minimum innovation size reduces the mean innovation size. This implies that even if the patent office only grants patents for superior innovations, it causes innovators to produce generally inferior-quality innovations.

The Impact of a Potential Public/Private Initiative on a Defined Region of the South Suburban Chicago Metropolitan Area

2019 ◽  
pp. 14-32
Keyword(s):  
Supply Chain ◽  
Economic Impact ◽  
Impact Analysis ◽  
Census Data ◽  
Economic Benefits ◽  
Local Economy ◽  
Market Area ◽  
State And Local ◽  
The University ◽  
The Impact

The university is considered one of the engines of growth in a local economy or its market area, since its direct contributions consist of 1) employment of faculty and staff, 2) services to students, and supply chain links vendors, all of which define the University’s Market area. Indirect contributions consist of those agents associated with the university in terms of community and civic events. Each of these activities represent economic benefits to their host communities and can be classified as the economic impact a university has on its local economy and whose spatial market area includes each of the above agents. In addition are the critical links to the University, which can be considered part of its Demand and Supply chain. This paper contributes to the field of Public/Private Impact Analysis, which is used to substantiate the social and economic benefits of cooperating for economic resources. We use Census data on Output of Goods and Services, Labor Income on Salaries, Wages and Benefits, Indirect State and Local Taxes, Property Tax Revenue, Population, and Inter-Industry to measure economic impact (Implan, 2016).

Impact of Tourist Arrivals on Revenue Generation In Jammu and Kashmir

Think India ◽  
2019 ◽  
Vol 22 (2) ◽  
pp. 178-185
Author(s):  
Rayees Ahmad Wani ◽  
Dr. Ishrat Khan ◽  
Maqsoodah Akhter
Keyword(s):  
Economic Development ◽  
Economic Impact ◽  
Tourist Destination ◽  
Jammu And Kashmir ◽  
Revenue Generation ◽  
Policy Perspective ◽  
Secondary Sources ◽  
State Present ◽  
The Impact

The present study examined the impact of tourist arrivals on revenue generation. The results revealed that tourist arrivals accounts 51 per cent variation in revenue generation. Jammu and Kashmir State has a tremendous potential to become a major global tourist destination. Importance of tourism in J&K economy is known for decades now and its role in economic development has been an area of great interest from policy perspective. The tourism is being the key contributor in the economic development of J&K state. To understand the economic impact of tourism in the J&K state, present paper uses secondary sources of data and tries to examine the economic development such as tourist inflow, revenue generation.

scholarly journals Sustainable Tourism, Economic Growth and Employment—The Case of the Wine Routes of Spain

2021 ◽  
Vol 13 (13) ◽  
pp. 7164
Author(s):  
Guillermo Vázquez Vicente ◽  
Victor Martín Barroso ◽  
Francisco José Blanco Jiménez
Keyword(s):  
Economic Growth ◽  
Economic Impact ◽  
Rural Areas ◽  
Local Development ◽  
Tourism Industry ◽  
Wine Tourism ◽  
Development Tool ◽  
The Us ◽  
The Impact ◽  
Positive Effect

Tourism has become a priority in national and regional development policies and is considered a source of economic growth, particularly in rural areas. Nowadays, wine tourism is an important form of tourism and has become a local development tool for rural areas. Regional tourism development studies based on wine tourism have a long history in several countries such as the US and Australia, but are more recent in Europe. Although Spain is a leading country in the tourism industry, with an enormous wine-growing tradition, the literature examining the economic impact of wine tourism in Spanish economy is scarce. In an attempt to fill this gap, the main objective of this paper is to analyze the impact of wine tourism on economic growth and employment in Spain. More specifically, by applying panel data techniques, we study the economic impact of tourism in nine Spanish wine routes in the period from 2008 to 2018. Our results suggest that tourism in these wine routes had a positive effect on economic growth. However, we do not find clear evidence of a positive effect on employment generation.

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