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...

תיאור מלא

מידע ביבליוגרפי
Main Authors: Leahy, D, Neary, J
פורמט: Working paper
שפה:English
יצא לאור: Centre for Economic Performance, LSE 1997