Macroeconomic Modelling of R&d and Innovation Policies.

• Superior document: International Economic Association Series
• Author: Akcigit, Ufuk.
• TeilnehmendeR: Benedetti Fasil, Cristiana.; Impullitti, Giammario.; Licandro, Omar.; Sanchez-Martinez, Miguel.
• Place / Publishing House: Cham : : Springer International Publishing AG,, 2021.; ©2022.
• Year of Publication: 2021
• Edition: 1st ed.
• Language: English
• Series: International Economic Association Series
• Physical Description: 1 online resource (222 pages)

Table of Contents

Intro -- Acknowledgements -- Contents -- Editors and Contributors -- List of Figures -- List of Tables -- 1 Introduction -- References -- Part I Macroeconomic Modelling of Innovation Policy: State-Of-The-Art -- 2 Innovation, Public Policy and Growth: What the Data Say -- 2.1 Introduction -- 2.2 Firm Studies -- 2.3 Inventor Studies -- 2.4 Ideas -- 2.5 Conclusion -- References -- 3 Innovation and Growth: Theory -- 3.1 Introduction -- 3.2 Preliminaries -- 3.3 Firm Dynamics and the Neoclassical Model -- 3.3.1 Ramsey-Hopenhayn Model -- 3.3.2 Monopolistic Competition -- 3.3.3 Oligopolistic Competition -- 3.3.4 Physical and Intangible Capital -- 3.4 Firm Heterogeneity in Models with Innovation -- 3.4.1 Romer Model -- 3.4.2 Selection and Imitation -- 3.4.3 Schumpeterian Model -- 3.4.4 Innovation and the Life Cycle of Firms -- 3.5 Further Contributions -- References -- 4 The Frontier of Macroeconomic Modelling: Proceedings of the JRC-IEA Workshop 2017 -- 4.1 Introduction -- 4.2 Macroeconomic Modelling of Innovation -- 4.3 Modelling the Macroeconomic Effects of Innovation Policies -- References -- Part II Impact Assessment of Innovation Policies: Models and Examples for the European Union -- 5 The RHOMOLO Spatial CGE Model -- 5.1 Introduction -- 5.2 The Model -- 5.2.1 R&amp -- D in RHOMOLO -- 5.2.2 Limitations -- 5.2.3 Addressing the Limitations for R&amp -- D Modelling in RHOMOLO -- 5.2.4 Model Summary -- 5.3 An Example: Simulating the Ex-Ante Macroeconomic Impact of Horizon Europe -- 5.3.1 Scenarios and Method -- 5.3.2 Economic Impact at Aggregate EU Level -- 5.3.3 Economic Impact at Regional Level -- 5.3.4 Summary -- References -- 6 The QUEST III R&amp -- D Model -- 6.1 Introduction -- 6.2 The model -- 6.2.1 Households -- 6.2.2 Firms -- 6.2.3 Policy -- 6.2.4 Trade -- 6.2.5 Calibration.

6.3 An Example: Simulating the Ex-ante Macroeconomic Impact of Horizon Europe -- References -- 7 The NEMESIS Macro-Econometric Model -- 7.1 Introduction -- 7.2 The Model -- 7.2.1 General Overview of NEMESIS -- 7.2.1.1 Model's Structure -- 7.2.1.2 Model's Main Mechanisms -- 7.2.2 Supply Block and Innovation Mechanisms -- 7.2.2.1 The Nested CES Production Function Framework -- 7.2.2.2 Innovation Mechanisms -- 7.2.3 Endogenous Growth Properties -- 7.3 An Example: Simulating the Ex-ante Impact of Horizon Europe -- 7.3.1 Context of the assessment -- 7.3.2 Implementation of Horizon Europe in the Model -- 7.3.2.1 Key Assumptions Behind the Impact Assessment Exercise -- 7.3.2.2 Results -- References -- 8 Taking Stock -- 8.1 Policy Context -- 8.2 Macroeconomic Modelling, EU R&amp -- I Framework Programmes and the EU Policy Cycle -- 8.3 How much is the Continuation of Horizon 2020 Worth? -- 8.4 Modelling for Policymaking -- References -- 9 Other Innovation Policies and Alternative Modelling Approaches -- 9.1 Introduction -- 9.2 The Macroeconomic Impact of Entry Barriers and R&amp -- D Tax Credits -- 9.2.1 Simulation Results -- 9.2.1.1 Reduction in Entry Barriers -- 9.2.1.2 Increase in R&amp -- D Tax Credits -- 9.3 Alternative Approaches to Modelling the Impact of R&amp -- D Tax Credits and Entry Barriers -- 9.3.1 The Treatment of R&amp -- D Tax Credits and Subsidies -- 9.3.2 The Treatment of Entry Barriers -- 9.3.2.1 Reducing Entry Barriers -- 9.3.2.2 Reducing Financial Constraints -- 9.3.2.3 Policy Comparison -- 9.3.2.4 Extensions -- 9.3.2.5 Conclusion -- References -- Conclusions -- Index.