Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers? / Paul M. Romer.

By:

Romer, Paul M

Contributor(s):

National Bureau of Economic Research

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w7723.Publication details: Cambridge, Mass. National Bureau of Economic Research 2000.Description: 1 online resource: illustrations (black and white)Subject(s):

O38 - Government Policy

Online resources:

Available additional physical forms:

Hardcopy version available to institutional subscribers

Abstract: This paper suggests that innovation policy in the United States has erred by subsidizing the private sector demand for scientists and engineers without asking whether the educational system provides that supply response necessary for these subsidies to work. It suggests that the existing institutional arrangements in higher education limit this supply response. To illustrate the path not taken, the paper considers specific programs that could increase the numbers of scientists and engineers available to the private sector.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w7723 (Browse shelf(Opens below))	Not For Loan

Total holds: 0

Collection: Colección NBER Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	nber w7720 Institutions, Restructuring, and Macroeconomic Performance /	nber w7721 The Old and the New in U.S. Economic Expansion of the 1990s /	nber w7722 Debt Restructuring /	nber w7723 Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers? /	nber w7724 The International Monetary Fund: Its Present Role in Historical Perspective /	nber w7725 Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan /	nber w7726 The Structure and Conduct of Corporate Lobbying: How Firms Lobby the Federal Communications Commission /	Next

June 2000.

This paper suggests that innovation policy in the United States has erred by subsidizing the private sector demand for scientists and engineers without asking whether the educational system provides that supply response necessary for these subsidies to work. It suggests that the existing institutional arrangements in higher education limit this supply response. To illustrate the path not taken, the paper considers specific programs that could increase the numbers of scientists and engineers available to the private sector.