R&D; Spillovers and the Case for Industrial Policy in an Open Economy.
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...
| Autori principali: | , |
|---|---|
| Natura: | Working paper |
| Lingua: | English |
| Pubblicazione: |
Centre for Economic Performance, LSE
1997
|