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https://hdl.handle.net/10419/48851
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Grossmann, Volker | en |
dc.contributor.author | Steger, Thomas M. | en |
dc.contributor.author | Trimborn, Timo | en |
dc.date.accessioned | 2011-08-18 | - |
dc.date.accessioned | 2011-08-23T12:49:10Z | - |
dc.date.available | 2011-08-23T12:49:10Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/48851 | - |
dc.description.abstract | Previous 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 |
dc.language.iso | eng | en |
dc.publisher | |aUniversität Leipzig, Wirtschaftswissenschaftliche Fakultät |cLeipzig | en |
dc.relation.ispartofseries | |aWorking Paper |x97 | en |
dc.subject.jel | H20 | en |
dc.subject.jel | O30 | en |
dc.subject.jel | O40 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | R&D subsidy | en |
dc.subject.keyword | transitional dynamics | en |
dc.subject.keyword | semi-endogenous growth | en |
dc.subject.keyword | welfare | en |
dc.subject.stw | Forschungssubvention | en |
dc.subject.stw | Dynamische Optimierung | en |
dc.subject.stw | Neue Wachstumstheorie | en |
dc.subject.stw | Intertemporale Allokation | en |
dc.subject.stw | Wohlfahrtseffekt | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | USA | en |
dc.title | Dynamically optimal R&D subsidization | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 666352143 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:leiwps:97 | en |
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