Dynamically Optimal R&D Subsidization

Previous research on optimal R&D subsidies has focussed on the long run.This paper characterizes the optimal time path of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method.Starting from the steady state under current R&D subsidization in the US, theR&D subsidy should signicantly jump upwards and then slightly decrease overtime...

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Year of publication:	2010-08-04
Authors:	Grossmann, Volker ; Steger, Thomas M. ; Trimborn, Timo
Institutions:	Universität <Hannover> / Wirtschaftswissenschaftliche Fakultät
Subject:	Forschung und Entwicklung \| Dynamik \| dynamics \| Wohlfahrt \| Welfarism \| Endogenes Wirtschaftswachstum \| Endogenous Growth

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Extent:	278528 bytes 33 p. application/pdf
Series:	Leibniz Universität Hannover - Wirtschaftswissenschaftliche Fakultät - Diskussionspapiere Discussion Paper ; No. 453 (2011)
Type of publication:	Book / Working Paper
Language:	English
Classification:	H20 - Taxation, Subsidies, and Revenue. General ; O30 - Technological Change; Research and Development. General ; O40 - Economic Growth and Aggregate Productivity. General ; Corporate taxation and accounting. General ; Operations Research. General ; Individual Working Papers, Preprints ; NORTH AMERICA
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009302611