R&D; in Developing Countries: What Should Governments Do?
I consider the implications of recent research for R&D; policy in developing countries. Typical new growth models, which assume free entry and no strategic behaviour by R&D; producers, are less appropriate for policy guidance than strategic oligopoly models. But the latter have ambig...
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| Natura: | Book section |
| Lingua: | English |
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Oxford University Press
2001
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| _version_ | 1826301500282896384 |
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| author | Neary, J |
| author2 | Muet, P |
| author_facet | Muet, P Neary, J |
| author_sort | Neary, J |
| collection | OXFORD |
| description | I consider the implications of recent research for R&D; policy in developing countries. Typical new growth models, which assume free entry and no strategic behaviour by R&D; producers, are less appropriate for policy guidance than strategic oligopoly models. But the latter have ambiguous implications for targeted R&D; subsidies, and caution against the anticompetitive effects of research joint ventures. A better policy is to raise the economy-wide level of research expertise. This avoids the need for governments to pick winners, is less prone to capture, and dilutes the strategic disincentive to undertake R&D; with unappropriable spillovers. |
| first_indexed | 2024-03-07T05:33:22Z |
| format | Book section |
| id | oxford-uuid:e3099915-4091-4eca-a0eb-0a4b9bfa1846 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T05:33:22Z |
| publishDate | 2001 |
| publisher | Oxford University Press |
| record_format | dspace |
| spelling | oxford-uuid:e3099915-4091-4eca-a0eb-0a4b9bfa18462022-03-27T10:05:56ZR&D; in Developing Countries: What Should Governments Do?Book sectionhttp://purl.org/coar/resource_type/c_3248uuid:e3099915-4091-4eca-a0eb-0a4b9bfa1846EnglishDepartment of Economics - ePrintsOxford University Press2001Neary, JMuet, PStiglitz, JI consider the implications of recent research for R&D; policy in developing countries. Typical new growth models, which assume free entry and no strategic behaviour by R&D; producers, are less appropriate for policy guidance than strategic oligopoly models. But the latter have ambiguous implications for targeted R&D; subsidies, and caution against the anticompetitive effects of research joint ventures. A better policy is to raise the economy-wide level of research expertise. This avoids the need for governments to pick winners, is less prone to capture, and dilutes the strategic disincentive to undertake R&D; with unappropriable spillovers. |
| spellingShingle | Neary, J R&D; in Developing Countries: What Should Governments Do? |
| title | R&D; in Developing Countries: What Should Governments Do? |
| title_full | R&D; in Developing Countries: What Should Governments Do? |
| title_fullStr | R&D; in Developing Countries: What Should Governments Do? |
| title_full_unstemmed | R&D; in Developing Countries: What Should Governments Do? |
| title_short | R&D; in Developing Countries: What Should Governments Do? |
| title_sort | r amp d in developing countries what should governments do |
| work_keys_str_mv | AT nearyj rampdindevelopingcountrieswhatshouldgovernmentsdo |