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dc.contributor.authorGrossmann, Volkeren_US
dc.contributor.authorSteger, Thomas M.en_US
dc.contributor.authorTrimborn, Timoen_US
dc.date.accessioned2011-03-25en_US
dc.date.accessioned2012-11-06T15:27:23Z-
dc.date.available2012-11-06T15:27:23Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/66022-
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.publisherWirtschaftswiss. Fak., Leibniz Univ. Hannoveren_US
dc.relation.ispartofseriesDiscussion Paper, Wirtschaftswissenschaftliche Fakultät, Leibniz Universität Hannover 453en_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.stwWohlfahrtsanalyseen_US
dc.subject.stwTheorieen_US
dc.subject.stwUSAen_US
dc.titleDynamically optimal R&D subsidizationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn635636050en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover

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