Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Research Institute of Industrial Economics (IFN) Working Paper Series

No 506:
The Long-Run Growth Effects of R&D Subsidies

Paul S. Segerstrom

Abstract: This paper presents a model of R&D-driven growth without scale effects where firms can engage in both horizontal and vertical R&D activities. Unlike in earlier models of R&D-driven growth without scale effects by Jones (1995), Segerstrom (1998) and Young (1998), R&D subsidies can have long-run growth effects. Indeed, for a wide range of parameter values, a permanent increase in the R&D subsidy rate decreases the long-run rate of economic growth. An intuitive explanation for why R&D subsidies sometimes retard growth and sometimes promote growth is provided.

Keywords: Economic growth; R&D; (follow links to similar papers)

JEL-Codes: O32; O41; (follow links to similar papers)

36 pages, November 5, 1998

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

iuiwop0506.pdf.zip    PDF-file (zipped) (379kB) 
iuiwop0506.pdf    PDF-file (437kB) 
iuiwop0506.ps.zip    PKZipped PostScript (319kB) 
iuiwop0506.ps    PostScript file (1.82MB) 
Files with additional material for the paper:
iuiwop0506.fig.pdf    Figures1-6, PDF-file (8kB) 
iuiwop0506.fig.pdf.zip    Figures1-6, PDF-file (zipped) (5kB) 
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Elisabeth Gustafsson ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:iuiwop:0506 This page was generated on 2014-12-14 19:24:06