scholarly journals Programmes optimaux d’investissement en R & D

2009 ◽  
Vol 56 (4) ◽  
pp. 535-551
Author(s):  
The-Hiep Nguyen
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Capital Accumulation ◽  
Optimal Investment ◽  
Technical Knowledge ◽  
Inventive Activity

Abstract This article presents a model of inventive activity and capital accumulation. It also suggests ways of estimating optimal investment in research and development and outlines in the same time some econometric problems associated to measurement. In such a model, it has been shown that increases in technical knowledge are fundamentally related to the amount of resources devoted to inventive activity. Thus the role of invention in economic growth is explicitly recognized

INTELLECTUAL PROPERTY PROTECTION, ENTREPRENEURSHIP, AND ECONOMIC GROWTH

1996 ◽  
Vol 04 (03) ◽  
pp. 267-285
Author(s):  
FRANCIS W. RUSHING ◽  
MARK A. THOMPSON
Keyword(s):  
Economic Growth ◽  
Intellectual Property ◽  
Research And Development ◽  
Technological Change ◽  
New Technologies ◽  
Intellectual Property Protection ◽  
Economic Literature ◽  
The Third ◽  
The Impact

This paper brings together the importance of intellectual property protection (IPP) and entrepreneurship in economic growth. The paper surveys the economic literature on what factors are important to growth. The focus is on recent models of endogenous growth which reflect on the role of investment, technological change and education. Secondly, publications, which measure the impact of IPP on some of the growth elements identified are reviewed. The third section deals with IPP and the entrepreneur as an important agent and facilitator of growth. It discusses the nature of IPP as an incentive in not only stimulating the development of new technologies and processes but also the dissemination of existing technologies. Using the surveys as background, short case studies for India and Brazil are presented on IPP as a stimulus and application of research and development. The last section summarizes the previous sections and draws some conclusions with respect to policy.

PERANAN ILMU PENGETAHUAN DAN INVESTASI SUMBER DAYA MANUSIA DALAM MEMACU PERTUMBUHAN EKONOMI

2017 ◽  
Vol 2 (1) ◽  
Author(s):  
Soegeng Wahyoedi
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Growth Theory ◽  
Supply Side ◽  
Asian Countries ◽  
Classic Theory ◽  
The World ◽  
World Economic ◽  
New Growth Theory

<p>Entering the year of 1990s, the world economic growth was marked by the economic growth of Eastern Asian Countries reaching 7 percent per year on the average. Despite the economic crisis at the end of 1990s, these countries managed to grow. In reference the Classic Theory, the growth factors included supply side (production) whereas the Neo Classic Theory as its the follower introduced the role of human capital as the trigger of the economic growth i.e. New Growth Theory. Furthermore, several Neo Classic followers added that research and development were also the trigger of the economic growth.</p><p>Kata Kunci: Pertumbuhan ekonomi, research and development, investasi sumber daya manusia.</p>

Path from human capital to economic growth: A free highway or a complicated labyrinth?

2017 ◽  
pp. 5-23 ◽  
Author(s):  
I. Lyubimov
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Education Policy ◽  
Financial Markets ◽  
Capital Accumulation ◽  
Human Capital Accumulation ◽  
Limited Effect ◽  
Rights Protection ◽  
Property Rights Protection

In this paper, we consider a number of causes which can potentially explain why human capital accumulation policies might have limited effect on economic growth. Mixed empirical results can be found in the literature, both supporting and questioning the key role of human capital as an important cause of economic growth. We focus on the latter and start from pointing at inaccurate indicators of human capital accumulation, such as the average years of schooling, which might not reflect with acceptable level of accuracy the level of human capital accumulated in a particular economy. We then consider the role of other causes of economic growth, such as property rights protection or financial markets development, which might affect the demand for human capital, thus potentially limiting the effect of a policy affecting the supply of human capital. We then discuss the efficiency of human capital distribution among various activities in a particular economy and argue that the way the economy uses its human capital stock might matter for its growth rates. Finally we point at potential flaws in education policy, which might result in slow accumulation of human capital.

Capital accumulation and growth in Hungary, 1924–2006

2011 ◽  
Vol 61 (2) ◽  
pp. 143-164 ◽  
Author(s):  
B. Leeuwen ◽  
P. Földvári
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Physical Capital ◽  
Volume Index ◽  
Growth Accounting ◽  
Simple Method ◽  
Long Run ◽  
Over Time

The objective of this paper is to analyse the role of both human and physical capital in economic growth in Hungary during the 20th century by extending the already available data on physical and human capital. Besides the standard measure for the volume of human capital, we develop a simple method to estimate the value of the human capital stock in Hungary between 1924 and 2006. While the volume index slowly grows over time, the value of human capital shows a decline during the late socialist period. Applying the value of human capital in a growth accounting analysis, we find that the Solow residual has no long-run effect on economic growth anymore.

scholarly journals R&D Direction and North-South Diffusion, Human Capital, Growth, and Wages

2011 ◽  
Vol 2011 ◽  
pp. 1-14 ◽  
Author(s):  
Óscar Afonso
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Research And Development ◽  
Endogenous Growth ◽  
Wage Inequality ◽  
Capital Accumulation ◽  
Knowledge Diffusion ◽  
Human Capital Accumulation ◽  
Capital Growth ◽  
And Diffusion

This paper highlights some recent components related to the endogenous growth literature; in particular, (i) research and development progress, direction, and diffusion; (ii) human-capital accumulation; (iii) wage inequality; (iv) nonscale economic growth, showing how each one has been treated by the existing seminal literature and the expected impact of bringing them together. The connection of the different components is mainly done by involving the leading literature on North-South technological-knowledge diffusion by imitation under trade, and the prevailing literature on intra- and intercountry wage inequality.

“The Creation of Wealth”: John Rae's Knowledge-Based Growth Theory

1998 ◽  
Vol 20 (3) ◽  
pp. 329-347
Author(s):  
Masazumi Wakatabe
Keyword(s):  
Economic Development ◽  
Capital Accumulation ◽  
Growth Theory ◽  
Technical Knowledge ◽  
Capital Theory ◽  
Knowledge Based ◽  
Economic Progress ◽  
Austrian Capital Theory ◽  
Austrian Capital

John Rae is best known for his contribution to capital theory, particularly to Austrian capital theory. J. A. Schumpeter's (1954) assessment is typical in the literature: “two cornerstones of [Böhm-Bawerk]'s structure–one of them also a cornerstone of [Nassau] Senior's–are in fact there” (Schumpeter, 1954, pp. 468-69). Although this seems to have been the standard perception (see also Dorfman, 1995, p. 21), there is growing appreciation that Rae had a theory of economic development, rather than only a theory of capital. As Klaus Hennings put it: “Rae ascribes to inventions a more important role for economic progress … than capital accumulation” (Hennings, 1987, p. 40). Spengler (1959) saw Rae's contribution as “his recognition of the importance of the role of technical knowledge and invention in economic development” (ibid., 1959, p. 406; see Deans and Deans, 1972; Birchler, 1980). Syed Ahmad (1996a, 1996b) and Anthony Brewer (1990, 1991, 1996) agree on the central role of innovation in the economics of Rae.

Transportation Supply and Economic Growth in a Multiregional System

1988 ◽  
Vol 20 (7) ◽  
pp. 925-936 ◽  
Author(s):  
D Campisi ◽  
A La Bella
Keyword(s):  
Economic Growth ◽  
Mathematical Programming ◽  
Transportation Network ◽  
Freight Transportation ◽  
Optimal Investment ◽  
Upper And Lower Bounds ◽  
Input Output ◽  
Investment Policies ◽  
Balanced Growth

This paper is directed to the problem of evaluating the development role of freight transportation in a dynamic multiregional input—output model. Under realistic structures of the technological, trade, and capital matrices, conditions for the existence of a balanced growth solution are given. Optimal investment policies in transportation network are also discussed. The corresponding problem of adding a minimum (weighted) set of transportation links to the graph associated with the model, so as to satisfy feasible connectivity conditions, is then formulated in mathematical programming terms. Upper and lower bounds on the number of links to be added are also set.

scholarly journals Role of the Innovation System in Supporting Regional Agriculture Development: Evidence from Southeast Sulawesi Province Indonesia

2020 ◽  
Vol 9 (5) ◽  
pp. 78
Author(s):  
Julian Witjaksono ◽  
Jefny B. Markus Rawung ◽  
Rita Indrasti ◽  
Siti Sehat Tan
Keyword(s):  
Economic Growth ◽  
Local Government ◽  
Human Resources ◽  
Research And Development ◽  
Innovation System ◽  
Human Resources Development ◽  
Regional Innovation ◽  
Regional Autonomy ◽  
Agriculture Development

Agriculture development in the regional autonomy needs more strong effort and more systematic in order to implement the equity of economic growth. This paper aim to describe the data and information related with evaluation worked of regional of research and development institutional in supporting innovation system. This assessment has shown that the development of agriculture innovation system in regional autonomy faced some constrains, viz. lack of human resources development and less supporting research infrastructure of research institutional. Besides, the policy which has been implemented by local government and local parliament did not match with the needed of regional innovation.

scholarly journals The Effect of Research and Development Expenditures on Economic Growth: New Evidences

2016 ◽  
Author(s):  
Mustafa Ildırar ◽  
Mehmet Özmen ◽  
Erhan İşcan
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Growth And Development ◽  
Oecd Countries ◽  
Resource Base ◽  
Policy Makers ◽  
Economic Growth And Development ◽  
Expenditure Data ◽  
Different Types

Research and Development (R&D) is one of the most important variables that affect the country’s economic growth and development through increasing the technology capabilities, enlargement of resource base and promoting in the capability of resource utilization. Countries that innovate by conducting R&D activities always have high economic growth and many researchers emphasized this prominent role of the R&D on economic growth in numerous studies. This study contributes in two ways to this stream of research. Providing new estimates of the effect of R&D expenditures on economic growth is the first contribution to literature. On the other hand, there are different types of R&D expenditures and each of them has different magnitude on the economic growth. Therefore, this study provides evidences about the magnitudes of R&D expenditures. The effect of different types of R&D expenditures on economic growth for the selected OECD countries is examined in this study by utilizing from GMM framework using the data belonging the period of 2003-2014. Income and different R&D expenditure data used to analyze that obtained from OECD Stat. As a conclusion, it is found that all of the R&D expenditures have positive and significant effect on economic growth in selected OECD countries but magnitudes are various. Therefore, policy makers should design the R&D stimulation policies depending on the characteristics of the countries. Accordingly, countries must allocate more resources to different types R&D expenditure for achieving sustainable rate of growth.

scholarly journals Soviet Economic Growth through the Interstate Prism: the Role of Research Funding

2021 ◽  
pp. 48-65
Author(s):  
Dmitry Valerievich Didenko ◽  
Natalia Vladimirovna Grineva
Keyword(s):  
Economic Growth ◽  
Endogenous Growth ◽  
Production Function ◽  
Capital Accumulation ◽  
Decisive Role ◽  
Data Sets ◽  
Industrialized Countries ◽  
Endogenous Growth Model ◽  
Economic Growth Factors

The article estimates economic growth factors in the late USSR: research and development (R&amp;D) expenditures along with physical and human capital accumulation as well as institutional and technological dynamics. The USSR results are compared with those of a sample of reference countries with the use of collected statistical data and estimates in the literature and data sets. Developing theoretical ideas by Romer (1990) the authors test a model of the production function which includes R&amp;D expenditures as a source of endogenous growth. To indirectly characterize institutional and general technological dynamics they choose the relevant proxy indicators. The use of these variables within the modified production function is the principal methodological contribution of this research related to the analysis of historical variations of industrial economy development. The model mostly fits Japanese data and somewhat less data on other industrialized countries. The main USSR variables are statistically significant for the period of 1955-1990, but not for the period of 1965-1990. The research findings support the hypothesis that in the mid 1950s &ndash; early 1960s Soviet economy had certain prerequisites for transition to endogenous growth model based on R&amp;D and technologies which turned out mostly unrealized. The authors have not found enough evidence to confirm the hypothesis of a decisive role of institutional factors influencing the slowdown growth in the USSR.&nbsp;

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