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Innovation Networks and R&D Allocation

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NBER2021-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29607
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We study the cross-sector allocation of R&D resources in a multisector growth model with an innovation network, where one sector's past innovations may benefit other sectors' future innovations. Theoretically, we solve for the optimal allocation of R&D resources. We show a planner valuing long-term
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2021-12-01
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