| dc.contributor.author | Heggedal, Tom-Reiel | |
| dc.date.accessioned | 2011-02-09T12:20:24Z | |
| dc.date.available | 2011-02-09T12:20:24Z | |
| dc.date.issued | 2008 | |
| dc.identifier.issn | 0809-733X | |
| dc.identifier.uri | http://hdl.handle.net/11250/180077 | |
| dc.description.abstract | An important policy question is whether research and development (R&D) in new, emerging technologies should be more subsidized than R&D in other more mature technologies. In this paper I analyze if innovation externalities caused by knowledge spillovers from private firms may warrant a differentiated R&D policy. I find that R&D in emerging and mature technologies should not be subsidized equally. The reason is that R&D in the two technologies is not equally undersupplied in the market due to differences in their knowledge stocks. R&D in the mature technology should be subsidized more when the sum of the output elasticities with respect to labor and knowledge in R&D production is high, while R&D in the emerging technology should be subsidized more when the elasticities are low. | en_US |
| dc.description.sponsorship | Financiel support from the Norwegian Research Council programs SAMSTEMT and RENERGI. | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | Statistics Norway, Research Department | en_US |
| dc.relation.ispartofseries | Discussion Papers;571 | |
| dc.subject | Endogenous growth | en_US |
| dc.subject | Innovation policy | en_US |
| dc.subject | Technological spillovers | en_US |
| dc.subject | Sector-specific R&D | en_US |
| dc.subject | Forskning og utvikling | en_US |
| dc.subject | Teknologisk utvikling | en_US |
| dc.subject | Økonomisk vekst | en_US |
| dc.subject | Subsidier | en_US |
| dc.subject | Innovasjon | en_US |
| dc.subject | JEL classification: O32 | en_US |
| dc.subject | JEL classification: O38 | en_US |
| dc.title | On R&D anf the undersupply of emerging versus mature technolgies | en_US |
| dc.type | Working paper | en_US |
