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...

Mô tả đầy đủ

Chi tiết về thư mục
Những tác giả chính: Leahy, D, Neary, J
Định dạng: Working paper
Ngôn ngữ:English
Được phát hành: Centre for Economic Performance, LSE 1997