Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192617 
Year of Publication: 
2010
Series/Report no.: 
Discussion Papers No. 635
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
We analyze how knowledge spillovers influence the optimal timing of R&D policy. Using numerical simulations we find that optimal subsidies to R&D may be rising over time even when the returns to knowledge is decreasing. The optimal time profile of the subsidies is determined by the elasticity of scale in the R&D production function, which again depends on both the returns to knowledge and the returns to labor.
Subjects: 
Innovation policy
R&D
Technological spillovers
JEL: 
O32
O38
Document Type: 
Working Paper

Files in This Item:
File
Size
174.47 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.