R&D; spillovers and the case for industrial policy in open economies
In this paper we consider the case for subsidies towards firms which generate R&D; spillovers in open economies. We show that in the presence of strategic behaviour by firms many expected results are overturned. Local R&D; spillovers to other domestic firms may justify an R&D...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Oxford University Press
1999
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| Subjects: |