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

Neary, J. Peter (2000) R&D in developing countries: what should governments do? CEPDP (464). Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753013908

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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. This avoids the need for governments to pick winners, is less prone to capture, and dilutes the strategic disincentive to undertake R&D with unappropriable spillovers.

Item Type: Monograph (Discussion Paper)
Official URL:
Additional Information: © 2000 J.P Neary
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > H Social Sciences (General)
Date Deposited: 30 Jul 2008 13:45
Last Modified: 26 Apr 2021 11:49

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