Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?

By Paul M. Romer. Innovation Policy and the Economy, 2000

250 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Information Systems and Management

View Paper: https://www.semanticscholar.org/paper/63548cbcbfff43773455c6cc2e2bda5a3607bab8

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Citations in the corpus

Dynamically Optimal R&D Subsidization (2013, unknown): “Moreover, substituting optimality conditions 1 sK = 1= and (59) into (14), we nd”
The effectiveness of subsidies revisited: Accounting for wage and employment effects in business R&D (2008, unknown): “The evolution of the stock of knowledge over 6 Romer (2000) points out that in university research only 5–7% is spent on equipment.”
Growth Effects of Education and Social Capital in the OECD Countries (2002, unknown): “…a simple model, and find that although policy intervention has only small effects on the allocation of time to education, it can have a substantial effect on the growth rate.6 More recently, Romer (2000) has pointed out that models of growth driven by R&D should potentially inform education policy.”
Science, Technology and Innovation for Economic Growth: Linking Policy Research and Practice in "STIG Systems" (2008, unknown): “Endogenous growth theory shows that, in order to accelerate growth, it is not enough to increase R&D expenditures; rather it is necessary to increase the total quantity of inputs related to the R&D process (Romer, 2000).”
A tale of two market failures: Technology and environmental policy (2005, background): “…imperfect assessment methods will distort policy by encouraging 8 For a general discussion of support for training and education as a complement to research subsidies, see Romer (2000). efforts that “look good” on evaluation, even if such efforts are not ideally suited to the program’s mission.”
Exploiting States’ Mistakes to Identify the Causal Impact of Higher Education on Growth (2005, background): “This complementarity is stressed by Romer (2000),2 who argues that research and development subsidies that are unaccompanied by an increase in the supply of researchers or technicians will result in an increase in the relative price of highly educated labor but little increase in aggregate research…”
The Causal Impact of Education on Economic Growth: Evidence from U.S. (2009, background): “…the following proposition Proposition 5 The growth rate of technology in the economy is given by gA= = h(a)1 (U U ) + (1 )h(a) (S S ) 1 + 3 This immediately implies our main comparative static result: Proposition 6 (i) @gA@U > 0; (ii) @gA @S > 0; (iii) @2gA @U@a < 0; (iv) @2gA @S@a > 0: 12 Proof.”
How to Promote R&D-Based Growth? Public Education Expenditure on Scientists and Engineers Versus R&D Subsidies (2007, unknown): “, are in inelastic supply in the short-run, as has been argued (informally) in the previous literature (Goolsbee, 1998; Romer, 2000).”
Catching up or standing still? (2004, background): “…composition of inputs into innovation – and en report on the levels of inputs into the innovat rocess.22 The results of this study suggest deepen 22 Romer (2000), for example, investigates whether US gove ent subsidies for scientist and engineering are essential or ive. earch…”