Growth Effects of Subsidies in a Search Theoretic R&D Model : A Quantitative Evaluation.

Based on a model of perpetual growth through optimal search for better technologies, calibrated on time series data form the Israeli economy, it is shown that capital subsidies produce a definite gain in expected growth rates, but those gain are invariant to the particular restrictions associated with the subsidies.

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Year of publication:	1996
Authors:	Bental, B ; Peled, D
Institutions:	University of Western Ontario, Department of Economics
Subject:	RESEARCH AND DEVELOPMENT \| SUBSIDIES \| ECONOMIC GROWTH

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Series:	UWO Department of Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	24 pages
Classification:	O32 - Management of Technological Innovation and R&D ; H22 - Incidence
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005730765