R&D; in developing countries: what should governments do?

Working paper

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. Thi...

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Authors: Neary, J

• Publisher: Centre for Economic Performance, LSE
• Series: CEP Discussion Papers
• Publication date: 2000-01-01
• Language: English