Political Economy of R&D to Support the Modern Competitiveness of Nations and Determinants of Economic Optimization and Inertia

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Coccia Mario

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Journal Paper

Paper Information

Journal: JOURNAL OF SCIENCE AND TECHNOLOGY POLICY LETTERSIS Year:2019 | Volume:9 | Issue:1 (26) Page(s): 73-91

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Information Journal Paper

Title

Political Economy of R&D to Support the Modern Competitiveness of Nations and Determinants of Economic Optimization and Inertia

Author(s)

Coccia Mario | Issue Writer Certificate

Keywords

R&D Expenditure

R&D Investment

R&D Intensity

Labor Productivity

Political Economy of R&D

Research Policy

Science Policy

Abstract

The study here analyzes the association between R&D Expenditure (as % of GDP) and Labor Productivity across leading geo-economic players. Empirical evidence seems to show, during the period of analysis, a strong positive association between public and private R&D Expenditure. In addition, when R&D spending of business enterprise sector exceeds R&D spending of government sector, the Labor Productivity tends to growth (economic optimization), ceteris paribus. In general, effects of friction (inertia) on Labor Productivity growth are displayed by countries whose R&D Intensity is driven mainly by R&D Expenditure of government sector. Results provide fruitful implications that can support a rational Political Economy of R&D in order to foster the competitiveness of countries in fast-changing and turbulent markets.

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APA: Copy

Coccia, Mario. (2019). Political Economy of R&D to Support the Modern Competitiveness of Nations and Determinants of Economic Optimization and Inertia. JOURNAL OF SCIENCE AND TECHNOLOGY POLICY LETTERSIS, 9(1 (26) ), 73-91. SID. https://sid.ir/paper/360465/en

Vancouver: Copy

Coccia Mario. Political Economy of R&D to Support the Modern Competitiveness of Nations and Determinants of Economic Optimization and Inertia. JOURNAL OF SCIENCE AND TECHNOLOGY POLICY LETTERSIS[Internet]. 2019;9(1 (26) ):73-91. Available from: https://sid.ir/paper/360465/en

IEEE: Copy

Mario Coccia, “Political Economy of R&D to Support the Modern Competitiveness of Nations and Determinants of Economic Optimization and Inertia,” JOURNAL OF SCIENCE AND TECHNOLOGY POLICY LETTERSIS, vol. 9, no. 1 (26) , pp. 73–91, 2019, [Online]. Available: https://sid.ir/paper/360465/en

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