Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2010
This paper develops a comprehensive endogenous growth framework to determine the optimal mix of growth policies. The … their R\&D costs and about 1.5-1.7 times their capital costs from sales revenue. Implementing the optimal policy mix is … approximately all of their capital and R\&D costs from sales revenue. Our analysis suggests that the status quo policy leads to …