Showing 1 - 10 of 27
This paper reconsiders the explanation of R&D subsidies by Spencer and Brander (1983) and others by allowing firms to license their innovations and to pool their R&D investments. We show that in equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates the strategic...
Persistent link: https://www.econbiz.de/10005785935
This paper introduces a new type of R&D subsidy, which is conditional on the success of the R&D project. In a three-stage model, the government chooses a subsidy(ies) in the first stage; in the second stage, a monopolist chooses R&D effort which determines the size or the probability of success...
Persistent link: https://www.econbiz.de/10005789958
This paper reflects on the relevance of "systems-theoretic" approaches to theinterdependent policy issues relating to the dynamics of science, technology and innovation and their relationship to economic growth. Considering the approach that characterizes much of the current economics...
Persistent link: https://www.econbiz.de/10005621244
This paper discusses the Canadian experience in the early 1980s with tax incentives for R&D.It presents some issues concerning the efficiency and cost effectiveness of the various government tax incentives in stimulating R&D.
Persistent link: https://www.econbiz.de/10008529226
Recent years have seen the emergence, take-up and use of the term 'policy mix' by innovation policy makers and by policy analysts & scholars alike. Imported from economic policy debates, the term implies a focus on the interactions and interdependencies between different policies as they affect...
Persistent link: https://www.econbiz.de/10008534283
The paper investigates the obstacles to innovation faced by Malaysian manufacturing firms during the process of innovation. The data are from the National Survey of Innovation 2000-2001 (NSI-3). The shortcomings and the relevance of each of these osbtacles are evaluated by type of innovator...
Persistent link: https://www.econbiz.de/10008578282
Innovation policy forms a foundation, and probably the most important one, of economic development in any society, especially in today’s society driven by information and communication technologies (ICT). The Schumpeterian processes of creative destruction need stewardship – creative...
Persistent link: https://www.econbiz.de/10008587464
Improving the quality of public finances is a major challenge for European policy makers. The economic crisis has increased budgetary pressures and accentuated the tension between the need to sustain public spending aimed at raising the EU growth potential and the increased scarcity of public...
Persistent link: https://www.econbiz.de/10008560061
The global competition in innovation has significantly intensified over the past decades. New large countries like China, India, Brazil and Russia are challenging the traditional incum-bents like the US, Europe and Japan in this area. By accelerating the integration of the previ-ously...
Persistent link: https://www.econbiz.de/10008684885
In the economics profession there is a fierce debate whether industrial and innovation policy should be targeted to specific sectors or firms. This paper discusses the welfare effects of such targeted policies in a third-market international trade model under imperfect competition. A theoretical...
Persistent link: https://www.econbiz.de/10008459818