current R&D subsidization in the US, the R&D subsidy should significantly jump upwards and then slightly decrease over time …. There is a small loss in welfare, however, from immediately setting the R&D subsidy to its optimal long run level, compared … to a time-varying R&D subsidy. The results do not depend on the financing scheme, namely lump sum taxation or factor …

R&D subsidy competition among countries under different trade costs. When trade costs are higher, less industrialized … high. When trade costs decrease, countries are less willing to host industries with vertical linkages. R&D subsidy …

that if legal patent protection is too strong, a higher R&D subsidy rate delivers insufficient investments for survival in …

, we analyze the effects of a centralized R&D subsidy policy upon steady state and welfare using an agglomeration and … knowledge spillovers are sufficiently localized. Consequently, a centralized R&D subsidy policy conducted in an economy composed …

independent of the distribution of R&D skills in the workforce. This holds despite the empirically supported fact that a higher R&D … subsidy rate raises wages of R&D workers. …

emission tax. Concerning the R&D subsidy, the comparison crucially depends on the degree of product differentiation in the …