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Can Policy Spur Technological Growth?, William Sargent
Can Policy Spur Technological Growth?, William Sargent
Honors Theses
The long-term slowdown in productivity growth for OECD countries, despite increased resources allocated to R&D, has once again raised the issue of limits of technological change. I explore the relationship between labor productivity growth and R&D intensity, using macro-level panel data from OECD countries. My empirical analysis essentially tests the semi-endogenous growth theory against the fully-endogenous Schumpeterian growth theory. The semi-endogenous framework assumes diminishing returns to R&D and requires positive population growth to generate long-run growth. The fully-endogenous framework assumes growing product variety and requires a constant share of R&D inputs in overall inputs in order to generate positive long-run …
Destruction Of Place: Policy Diffusion And Schenectady's Urban Redevelopment, Alistair Phaup
Destruction Of Place: Policy Diffusion And Schenectady's Urban Redevelopment, Alistair Phaup
Honors Theses
Cities search for solutions to local problems in other cities and on national policy menus. This process results in many cities relying on the same solution to the same problem. Usually this diffusion of policy across multiple cities produces positive results as environmental protection, water treatment, and other city services are expanded. However in urban redevelopment policy diffusion cannot be successful as redevelopment relies on providing unique, and sometimes competitive, projects to distressed downtowns. The of writings by Jane Jacobs, Gratz and Mintz, and Richard Florida result in a group of methods that can be used to determine the potential …