Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18864
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dc.contributor.authorGrossmann, Volkeren_US
dc.date.accessioned2009-01-28T15:53:25Z-
dc.date.available2009-01-28T15:53:25Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18864-
dc.description.abstractEmpirical evidence suggests that positive externalities from R&D exceed negative ones.According to conventional wisdom, this calls for R&D subsidies. This paper develops aquality-ladder growth model with overlapping generations which evaluates the positive andnormative implications of R&D subsidies and compares them with the effects of publiceducation policy to promote R&D. Unlike standard growth models, the proposed frameworkaccounts for the specificity of science and engineering (S&E) skills, where individualsendogenously choose the type of education, and allows for heterogeneity in individual ability.Although intertemporal knowledge spillovers are hypothesized and negative R&Dexternalities are absent, the analysis shows somewhat surprisingly that R&D subsidies may bedetrimental to both productivity growth and welfare, in contrast to publicly providededucation targeted to S&E skills. Finally, the optimal structure of public education spendingon different skills is examined.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo Working Paper |x1225en_US
dc.subject.jelO31en_US
dc.subject.jelH20en_US
dc.subject.jelO41en_US
dc.subject.jelO38en_US
dc.subject.ddc330en_US
dc.subject.keywordeducation policyen_US
dc.subject.keywordendogenous growthen_US
dc.subject.keywordR&D subsidiesen_US
dc.subject.keywordscientists and engineersen_US
dc.subject.stwHochschulfinanzierungen_US
dc.subject.stwÖffentliche Bildungsausgabenen_US
dc.subject.stwForschungssubventionen_US
dc.subject.stwVergleichen_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwBildungsverhaltenen_US
dc.subject.stwTheorieen_US
dc.titleHow to promote R&D-based growth? : public education expenditure on scientists and engineers versus R&D subsidiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn85668550Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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