Gray, Elie; Grimaud, André - Toulouse School of Economics (TSE) - 2010
which innovations draw themselves on in order to be produced. Therefore, the law of knowledge accumulation, and thus the … growth rate of the economy, depend positively on the expected scope of diffusion of innovations, i.e. on the intensity of …-optimal, depending on the expected scope of knowledge. Accordingly, we find that the optimal public tool dedicated to foster R&D activity …