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.