Detail R&D Subsidies and Economic Growth   Oleh:  Davidson, Carl ; Segerstrom, Paul Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 29 no. 3 (1998), page 548-577. Topik: economic growth; R & D; subsidies; economic growth Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel We present an endogenous growth model in which some firms devote resources to developing higher - quality products (innovative R & D) and other firms devote resources to copying these products (imitative R & D). Although consumers benefit from the knowledge created by both types of R & D activities, only innovative R & D subsidies lead to faster economic growth ; imitative R & D subsidies actually lead to slower economic growth. A key assumption driving these conclusions is that R & D activities are subject to decreasing returns. When R & D activities are subject to constant returns, as is commonly assumed, the only equilibrium with both innovation and imitation is unstable. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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