期刊名称：Departmental Discussion Papers / University of Glasgow, Department of Economics
出版年度：2009
卷号：1
出版社：University of Glasgow, Department of Economics
摘要：Firm success is often associated with the development of better prod-
ucts. Private .rms undertake applied R&D seeking market advantage,
by capitalizing on the freely accessible results of basic research. But un-
patentable basic research often fails to address applied R&D open prob-
lems. What is the role of the incentives in improving the innovative perfor-
mance of an economy by matching partially motivated public researchers
to their mission? Sometimes government funded research projects are
mission-directed, yet in many cases the public sector academics indulge
in carrier-driven research. An innovation system where, as in the US, also
basic research is driven by patents, implicitly sets an ex-post incentive to
the researchers guided by invisible hand. For a public innovation system -
like the European one - designing an incentive scheme to motivate public
researchers is of key importance for fostering the performance of the eco-
nomic system. This paper extends the Schumpeterian multisector growth
model with vertical innovation by highlighting a link between the degree
of "targetness" of public research and aggregate innovation. A positive
e¡èect of social capital is also proved.
关键词：Sequential Innovation,
Research Tools, Basic Research, Knowledge Management, Social Capital.
