Ontology highlight
ABSTRACT:
SUBMITTER: Corrado L
PROVIDER: S-EPMC10614782 | biostudies-literature | 2023 Oct
REPOSITORIES: biostudies-literature
Corrado Luisa L Grassi Stefano S Paolillo Aldo A Silgado-Gómez Edgar E
Proceedings of the National Academy of Sciences of the United States of America 20231016 43
The resurgence in space activities we are witnessing may provide opportunities for new technologies to generate potential spillovers to the real economy. To address this view, we propose a macroeconomic model with endogenous growth and a space sector. The model describes the relationship between space investment and technological spillovers, which support persistent economic growth. Our estimates indicate that space activities provide growth spillovers that peak from the late 1960s to the early ...[more]