콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology Science/Technology

Print

지속적 경제성장을 위한 최적 R&D 집약도 도출(Optimal R&D intensity: welfare analysis) : 파레토 최적배분을 위한 탐색적 연구

Related Document
Frame of Image
  • 지속적 경제성장을 위한 최적 R&D 집약도 도출(Optimal R&D intensity: welfare analysis)
  • 김병우
  • 과학기술정책연구원


link
Title 지속적 경제성장을 위한 최적 R&D 집약도 도출(Optimal R&D intensity: welfare analysis)
Similar Titles
Sub Title

파레토 최적배분을 위한 탐색적 연구

Material Type Reports
Author(Korean)

김병우

Publisher

서울:과학기술정책연구원

Date 2007-10
Series Title; No 정책연구 / 07-02
ISBN 978-89-6112-013-5
Pages 81
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Industry and Technology < Science/Technology
Holding 과학기술정책연구원

Abstract

Spending on research and development in Korea has been growing in real terms. Moreover, its relative importance compared to other economic activities has been steadily increasing as well. This paper examines the socially optimal share of R&D in the endogenous economic growth model. The paper considers both laissez-faire (market equilibrium) steady-state growth rate and the social optimum. Because individuals and individual firms do not internalize the effect of individual knowledge accumulation when optimizing on consumption and capital accumulation, the equilibrium growth rate turns out to be less than the socially optimal rate of growth.
The paper develops the model(Jones and Williams, 2000), finding that the decentralized economy typically underinvests in R&D relative to what is socially optimum. (The rest omitted)