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dc.contributor.authorGrossmann, Volkeren_US
dc.date.accessioned2009-01-28T15:53:25Z-
dc.date.available2009-01-28T15:53:25Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18864-
dc.description.abstractEmpirical evidence suggests that positive externalities from R&D exceed negative ones. According to conventional wisdom, this calls for R&D subsidies. This paper develops a quality-ladder growth model with overlapping generations which evaluates the positive and normative implications of R&D subsidies and compares them with the effects of public education policy to promote R&D. Unlike standard growth models, the proposed framework accounts for the specificity of science and engineering (S&E) skills, where individuals endogenously choose the type of education, and allows for heterogeneity in individual ability. Although intertemporal knowledge spillovers are hypothesized and negative R&D externalities are absent, the analysis shows somewhat surprisingly that R&D subsidies may be detrimental to both productivity growth and welfare, in contrast to publicly provided education targeted to S&E skills. Finally, the optimal structure of public education spending on different skills is examined.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1225en_US
dc.subject.jelO31en_US
dc.subject.jelH20en_US
dc.subject.jelO41en_US
dc.subject.jelO38en_US
dc.subject.ddc330en_US
dc.subject.keywordeducation policyen_US
dc.subject.keywordendogenous growthen_US
dc.subject.keywordR&D subsidiesen_US
dc.subject.keywordscientists and engineersen_US
dc.subject.stwHochschulfinanzierungen_US
dc.subject.stwÖffentliche Bildungsausgabenen_US
dc.subject.stwForschungssubventionen_US
dc.subject.stwVergleichen_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwBildungsverhaltenen_US
dc.subject.stwTheorieen_US
dc.titleHow to promote R&D-based growth? : public education expenditure on scientists and engineers versus R&D subsidiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn391082507en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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