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Endogenous Growth and R&D Infrastructure: A Dynamic CGE Modelling Approach for India

Endogenous Growth and R&D Infrastructure: A Dynamic CGE Modelling Approach for India

Koushik Das
Copyright: © 2017 |Pages: 23
ISBN13: 9781522523611|ISBN10: 1522523618|EISBN13: 9781522523628
DOI: 10.4018/978-1-5225-2361-1.ch008
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MLA

Das, Koushik. "Endogenous Growth and R&D Infrastructure: A Dynamic CGE Modelling Approach for India." Handbook of Research on Economic, Financial, and Industrial Impacts on Infrastructure Development, edited by Ramesh Chandra Das, IGI Global, 2017, pp. 164-186. https://doi.org/10.4018/978-1-5225-2361-1.ch008

APA

Das, K. (2017). Endogenous Growth and R&D Infrastructure: A Dynamic CGE Modelling Approach for India. In R. Das (Ed.), Handbook of Research on Economic, Financial, and Industrial Impacts on Infrastructure Development (pp. 164-186). IGI Global. https://doi.org/10.4018/978-1-5225-2361-1.ch008

Chicago

Das, Koushik. "Endogenous Growth and R&D Infrastructure: A Dynamic CGE Modelling Approach for India." In Handbook of Research on Economic, Financial, and Industrial Impacts on Infrastructure Development, edited by Ramesh Chandra Das, 164-186. Hershey, PA: IGI Global, 2017. https://doi.org/10.4018/978-1-5225-2361-1.ch008

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Abstract

This chapter attempts to capture the effects of R&D led endogenous growth in an open economy Computable General Equilibrium (CGE) framework which is based on R&D based social accounting Matrix (SAM). Effects of physical and R&D led knowledge capital accumulation have been studied through simulation experiments. It is reported that increase of public expenditure in R&D promotes growth and expands sectoral outputs at the cost of fiscal deficit. Moderate increase of direct tax in the form of education can finance public expenditure on R&D without much reduction of real domestic income of the households.

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