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...
Những tác giả chính: | Leahy, D, Neary, J |
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Định dạng: | Working paper |
Ngôn ngữ: | English |
Được phát hành: |
Centre for Economic Performance, LSE
1997
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