Cargando…

The macroeconomic spillovers from space activity

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 spa...

Descripción completa

Detalles Bibliográficos
Autores principales: Corrado, Luisa, Grassi, Stefano, Paolillo, Aldo, Silgado-Gómez, Edgar
Formato: Online Artículo Texto
Lenguaje:English
Publicado: National Academy of Sciences 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10614782/
https://www.ncbi.nlm.nih.gov/pubmed/37844249
http://dx.doi.org/10.1073/pnas.2221342120
_version_ 1785129099502551040
author Corrado, Luisa
Grassi, Stefano
Paolillo, Aldo
Silgado-Gómez, Edgar
author_facet Corrado, Luisa
Grassi, Stefano
Paolillo, Aldo
Silgado-Gómez, Edgar
author_sort Corrado, Luisa
collection PubMed
description 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 1980s. Recent space activities have a much lower economic impact. Finally, extensive experiments quantify the economic relevance of our results.
format Online
Article
Text
id pubmed-10614782
institution National Center for Biotechnology Information
language English
publishDate 2023
publisher National Academy of Sciences
record_format MEDLINE/PubMed
spelling pubmed-106147822023-10-31 The macroeconomic spillovers from space activity Corrado, Luisa Grassi, Stefano Paolillo, Aldo Silgado-Gómez, Edgar Proc Natl Acad Sci U S A Social Sciences 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 1980s. Recent space activities have a much lower economic impact. Finally, extensive experiments quantify the economic relevance of our results. National Academy of Sciences 2023-10-16 2023-10-24 /pmc/articles/PMC10614782/ /pubmed/37844249 http://dx.doi.org/10.1073/pnas.2221342120 Text en Copyright © 2023 the Author(s). Published by PNAS. https://creativecommons.org/licenses/by/4.0/This open access article is distributed under Creative Commons Attribution License 4.0 (CC BY) (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Social Sciences
Corrado, Luisa
Grassi, Stefano
Paolillo, Aldo
Silgado-Gómez, Edgar
The macroeconomic spillovers from space activity
title The macroeconomic spillovers from space activity
title_full The macroeconomic spillovers from space activity
title_fullStr The macroeconomic spillovers from space activity
title_full_unstemmed The macroeconomic spillovers from space activity
title_short The macroeconomic spillovers from space activity
title_sort macroeconomic spillovers from space activity
topic Social Sciences
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10614782/
https://www.ncbi.nlm.nih.gov/pubmed/37844249
http://dx.doi.org/10.1073/pnas.2221342120
work_keys_str_mv AT corradoluisa themacroeconomicspilloversfromspaceactivity
AT grassistefano themacroeconomicspilloversfromspaceactivity
AT paolilloaldo themacroeconomicspilloversfromspaceactivity
AT silgadogomezedgar themacroeconomicspilloversfromspaceactivity
AT corradoluisa macroeconomicspilloversfromspaceactivity
AT grassistefano macroeconomicspilloversfromspaceactivity
AT paolilloaldo macroeconomicspilloversfromspaceactivity
AT silgadogomezedgar macroeconomicspilloversfromspaceactivity