Fedderke, J. W.; Teubes, B. G. - In: Applied Economics 43 (2011) 14, pp. 1787-1800
It is often argued that since the social return to R&D exceeds the private return, the government should provide incentives for R&D expenditure. This article considers the issue of the impact of such incentives on the fiscal position of the government, using a simple comparative static model. In...