Using a global panel on research and development (R&D) expenditures, this paper documents that on average poor countries do far less R&D than rich as a share of GDP. This is arguably counter intuitive since the gains from doing the R&D required for technological catch up are thought to be very high and Griffith et al (2004) have documented that in the OECD returns increase dramatically with distance from the frontier. Exploiting recent advances in...
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INFORMATION
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2014/03/01
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Document de travail de recherche sur les politiques
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WPS6811
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1
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1
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2014/03/01
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Disclosed
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Why don't poor countries do R&D ?
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rate of return on factor
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