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Replication data for: On the Cyclicality of Research and Development

Version
V0
Resource Type
Dataset
Creator
  • Barlevy, Gadi
Publication Date
2007-09-01
Description
  • Abstract

    Economists have recently argued recessions play a useful role in fostering growth. Yet a major source of growth, R&D, is procyclical. This paper argues one reason for procyclical R&D is a dynamic externality inherent in R&D that makes entrepreneurs short-sighted and concentrate their innovation in booms, even when it is optimal to concentrate it in recessions. Additional forces may imply that procyclical R&D is desirable, but equilibrium R&D is likely to be too procyclical, and macroeconomic shocks are likely to have overly persistent effects on output and make growth more costly than in the absence of such shocks.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.97.4.1131 (Text)
Publications
  • Barlevy, Gadi. “On the Cyclicality of Research and Development.” American Economic Review 97, no. 4 (August 2007): 1131–64. https://doi.org/10.1257/aer.97.4.1131.
    • ID: 10.1257/aer.97.4.1131 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Barlevy, Gadi (2007): Replication data for: On the Cyclicality of Research and Development. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116283