Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94714
Authors: 
Ekholm, Karolina
Torstensson, Johan
Year of Publication: 
1996
Series/Report no.: 
IUI Working Paper 467
Abstract: 
We use a specific-factor model to examine the conditions under which policy-makers are able to increase aggregate production of high-tech goods by production or R&D-subsidies in the short and long run. The difficulties for the policy-makers in designing a subsidy scheme that succeeds in expanding aggregate high-tech production involve taking into account the trade-off between resources used in R&D and production of high-tech goods, the relative impact of different R&D activities on productivity, and the ease with which resources may be attracted from the non-high-tech sector of the economy to the various high-tech industries.
Subjects: 
PRODUCTION
RESEARCH AND DEVELOPMENT
PRODUCTIVITY
JEL: 
F11
F12
Document Type: 
Working Paper

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