Why don’t poor countries do R&D? Varying rates of factor returns across the development process
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DOI: 10.1016/j.euroecorev.2017.01.008
Abstract: Using a global panel on research and development (R&D) expenditures, this paper documents that on average poor countries do far less R&D than rich as a share of GDP. This is arguably counter intuitive since… read more here.
Keywords: rates factor; countries varying; poor countries; distance frontier ... See more keywords