Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70918
Authors: 
Grossmann, Volker
Steger, Thomas M.
Year of Publication: 
2012
Series/Report no.: 
Working Paper, Universität Leipzig, Wirtschaftswissenschaftliche Fakultät 117
Abstract: 
A simple semi-endogenous growth model is employed to show that optimal subsidization of both R&D and capital costs is independent of the distribution of R&D skills in the workforce. This holds despite the empirically supported fact that a higher R&D subsidy rate raises wages of R&D workers.
Subjects: 
Optimal growth policy
R&D skills
R&D subsidy
Semi-endogenous growth
Heterogeneity
JEL: 
O30
O40
H20
Document Type: 
Working Paper

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