IDEAS home Printed from https://ideas.repec.org/p/kud/epruwp/96-15.html
   My bibliography  Save this paper

International Welfare Effects from Country-Specific R&D Subsidies

Author

Listed:
  • Anders Sørensen

Abstract

The private return to R&D appears to be lower than the social return. Consequently, the focus on R&D promoting policies has intensified. This paper investigates international spillover effects from country-specific R&D subsidies in an interdependent open economy model of identical countries. A welfare evaluation is provided by decomposing the welfare effect into changes that work through (a) available products, (b) intertemporal allocation of consumption, (c) wealth in the private sector, and (d) terms of trade. The model predicts that domestic welfare increases when an R&D subsidy is implemented abroad. Moreover, the policy inactive country always prefers the foreign R&D subsidy to be higher.

Suggested Citation

  • Anders Sørensen, "undated". "International Welfare Effects from Country-Specific R&D Subsidies," EPRU Working Paper Series 96-15, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:epruwp:96-15
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kud:epruwp:96-15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Hoffmann (email available below). General contact details of provider: https://edirc.repec.org/data/epcbsdk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.