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dc.contributor.authorGrossmann, Volkeren_US
dc.contributor.authorSteger, Thomas M.en_US
dc.contributor.authorTrimborn, Timoen_US
dc.date.accessioned2011-08-18en_US
dc.date.accessioned2011-08-23T12:49:10Z-
dc.date.available2011-08-23T12:49:10Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/48851-
dc.description.abstractPrevious research on optimal R&D subsidies has focussed on the long run. This paper characterizes the optimal time path of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting from the steady state under current R&D subsidization in the US, the R&D subsidy should significantly jump upwards and then slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its optimal long run level, compared to the case where the dynamically optimal policy is implemented.en_US
dc.language.isoengen_US
dc.publisherUniv., Wirtschaftswissenschaftliche Fakultät Leipzigen_US
dc.relation.ispartofseriesWorking Paper // Universität Leipzig 97en_US
dc.subject.jelH20en_US
dc.subject.jelO30en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordR&D subsidyen_US
dc.subject.keywordtransitional dynamicsen_US
dc.subject.keywordsemi-endogenous growthen_US
dc.subject.keywordwelfareen_US
dc.subject.stwForschungssubventionen_US
dc.subject.stwDynamische Optimierungen_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwIntertemporale Allokationen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.subject.stwUSAen_US
dc.titleDynamically optimal R&D subsidizationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn666352143en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:leiwps:97-
Appears in Collections:Working Papers, Universität Leipzig

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