R&D; Spillovers and the Case for Industrial Policy in an Open Economy.

R&D; Spillovers and the Case for Industrial Policy in an Open Economy.

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In this paper we consider the case for subsidies towards firms which generate R&D; spillovers in open economies. We show that many expected results are overturned in the presence of strategic behaviour by firms. Local R&D; spillovers to other domestic firms may justify an R&D...

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Manylion Llyfryddiaeth
Prif Awduron:	Leahy, D, Neary, J
Fformat:	Working paper
Iaith:	English
Cyhoeddwyd:	Centre for Economic Performance, LSE 1997

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