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...

書誌詳細
主要な著者:	Leahy, D, Neary, J
フォーマット:	Working paper
言語:	English
出版事項:	Centre for Economic Performance, LSE 1997

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