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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18864
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Grossmann, Volker | | en_US |
| dc.date.accessioned | | 2009-01-28T15:53:25Z | | - |
| dc.date.available | | 2009-01-28T15:53:25Z | | - |
| dc.date.issued | | 2004 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/18864 | | - |
| dc.description.abstract | | Empirical 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.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | CESifo working papers 1225 | | en_US |
| dc.subject.jel | | O31 | | en_US |
| dc.subject.jel | | H20 | | en_US |
| dc.subject.jel | | O41 | | en_US |
| dc.subject.jel | | O38 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | education policy | | en_US |
| dc.subject.keyword | | endogenous growth | | en_US |
| dc.subject.keyword | | R&D subsidies | | en_US |
| dc.subject.keyword | | scientists and engineers | | en_US |
| dc.subject.stw | | Hochschulfinanzierung | | en_US |
| dc.subject.stw | | Öffentliche Bildungsausgaben | | en_US |
| dc.subject.stw | | Forschungssubvention | | en_US |
| dc.subject.stw | | Vergleich | | en_US |
| dc.subject.stw | | Neue Wachstumstheorie | | en_US |
| dc.subject.stw | | Bildungsverhalten | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | How to promote R&D-based growth? : public education expenditure on scientists and engineers versus R&D subsidies | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 391082507 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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