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R&D in developing countries : what should governments do?
Neary, J. Peter
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 anti-competitive 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. Not applicable
Keyword(s): R&D spillovers; R&D cooperative agreements; Research Joint Ventures; Strategic trade and industrial policy; Absorptive capacity; F12; F13; O31; Developing countries--Economic policy; Research, Industrial--Developing countries; Industrial productivity--Developing countries; Research and development partnership--Developing countries; Absorptive capacity (Economics)
Publication Date:
2011
Type: Working paper
Peer-Reviewed: Unknown
Language(s): English
Institution: University College Dublin
Publisher(s): University College Dublin. School of Economics
File Format(s): other; application/pdf
First Indexed: 2012-08-25 05:18:27 Last Updated: 2018-10-11 15:12:37