Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171710
Authors: 
Karydas, Christos
Year of Publication: 
2017
Series/Report no.: 
Economics Working Paper Series 17/267
Abstract: 
How should governments best allocate their budget to support private research activities? The consensus in the literature is that sector-specific R&D support policies should be increasing in the degree of compatibility of sectoral innovation with the practices of the wider economy. Using a multi-sector endogenous growth model with in-house R&D and knowledge spillovers, it is shown, that accounting for the time it takes for an innovation to diffuse modifies this widely-accepted result. Wide applicability of green innovations alone does not justify higher research subsidies.
Subjects: 
Climate Policy
Industrial Policy
Innovation Spillovers
Technology Diffusion
Endogenous Growth
JEL: 
O31
O33
Q54
Q55
Q58
H23
Persistent Identifier of the first edition: 
Document Type: 
Working Paper
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