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The Long-Run Growth Effects of R&D Subsidies Author info | Abstract | Publisher info | Download info | Related research | Statistics Segerstrom, Paul S
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This article presents a generalized version of Howitt's (1999) model of R&D-driven growth without scale effects and a complete characterization of the long-run growth effects of R&D subsidies. R&D subsidies can either promote or retard long-run economic growth, and surprisingly, the growth-retarding outcome occurs for a wide range of plausible parameter values. This article also presents a new intuitive explanation for why R&D subsidies can have long-run growth effects (both positive and negative). Copyright 2000 by Kluwer Academic Publishers
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Article provided by Springer in its journal Journal of Economic Growth .
Volume (Year): 5 (2000)
Issue (Month): 3 (September)
Pages: 277-305
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Handle: RePEc:kap:jecgro:v:5:y:2000:i:3:p:277-305Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=102931
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