Knowledge spillovers and the timing of R&D policy
Working paper
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http://hdl.handle.net/11250/179923Utgivelsesdato
2010Metadata
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- Discussion Papers [1002]
Sammendrag
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.
Beskrivelse
© Statistics Norway. When using material from this publication, Statistics Norway shall be quoted as the source. Abstracts with downloadable Discussion Papers in PDF are available on the Internet: http://www.ssb.no