Hidden Bibliographic Details
| Varying Form of Title: | Fiscal policy and technological innovation in a mutlicountry model
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| Other authors / contributors: | Coe, David T., author.
Laxton, Douglas, author.
International Monetary Fund. African Department, issuing body.
International Monetary Fund. Southeast Asia and Pacific Department, issuing body.
International Monetary Fund. Research Department, issuing body.
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| ISBN: | 1451897634
9781451897630
1281379212
9781281379214
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| Notes: | Includes bibliographical references (pages 24-26).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Profit-maximizing enterprises invest in research and development (R & D) to develop new products or to increase the efficiency with which they produce and market existing products. For the economy as a whole, R & D expenditures boost technological progress and economic growth. Aggregate investment in R & D, like business investment in physical capital, will depend, in part, on current and expected government policies. Economic policies in one country will have an impact on economic developments in their neighbors since national economies are embedded in a global system characterized by mutual interdependence. This interdependence is also reflected in technology transfers between countries as they learn from each other manufacturing methods, modes of organization, marketing, and product design.
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| Other form: | Print version: Bayoumi, Tamim A. Liberating supply. [Washington, D.C.] : International Monetary Fund, African, Asia and Pacific, and Research Depts., ©1998
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