Registro completo de metadatos
Campo DC | Valor |
---|---|
dc.contributor.author | Estrada, Ángel |
dc.contributor.author | Montero, José Manuel |
dc.coverage.spatial | España |
dc.coverage.spatial | Estados Unidos |
dc.coverage.spatial | Japón |
dc.coverage.spatial | Alemania |
dc.coverage.spatial | Francia |
dc.coverage.spatial | Reino Unido |
dc.coverage.spatial | Italia |
dc.date.accessioned | 2019-08-10T17:55:20Z |
dc.date.available | 2019-08-10T17:55:20Z |
dc.date.issued | 2009-10-27 |
dc.identifier.issn | ISSN: 0213-2710 (en papel) |
dc.identifier.issn | ISSN: 1579-8666 (en línea) |
dc.identifier.uri | https://repositorio.bde.es/handle/123456789/7002 |
dc.description.abstract | We develop the barebones of a highly stylized theoretical endogenous growth model for analyzing the impact of R&D investment on long run growth. We use this framework to identify a structural vector autoregressive (SVAR) model on GDP growth, inflation and R&D investment, along with the (exogenous) flows of global knowledge, for the period 1970-2006 for the six more developed economies plus Spain. Besides, we also study the impact of private and public R&D on economic activity and prices or whether public R&D investment crowds out private one. Overall, we find that R&D shocks have a positive impact on economic activity, but a heterogeneous effect on prices. Moreover, public R&D disturbances tend to crowd out private R&D investment, except in the less innovative economies. And finally, demand shocks tend to have a negative impact on private R&D spending in the short to medium-run |
dc.format.extent | 38 p. : gráf., tab. |
dc.language.iso | en |
dc.publisher | Banco de España |
dc.relation.ispartof | Documentos de Trabajo / Banco de España, 0925 |
dc.rights | Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0) |
dc.rights | In Copyright - Non Commercial Use Permitted |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES |
dc.rights.uri | http://rightsstatements.org/vocab/InC-NC/1.0/ |
dc.subject | R&D |
dc.subject | Innovation |
dc.subject | Endogenous growth |
dc.subject | Crowding out |
dc.subject | SVAR |
dc.title | R&D investment and endogenous growth : a SVAR approach |
dc.type | Documento de trabajo |
dc.identifier.bdebib | 000269119 |
dc.identifier.bdepub | DTRA-200925-eng |
dc.subject.bde | Evolución y desarrollo económicos |
dc.subject.bde | Política industrial |
dc.publisher.bde | Madrid : Banco de España, 2009 |
dc.subject.jel | O30 |
dc.subject.jel | O40 |
dc.subject.jel | H50 |