Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/144248
Title: ESSAYS ON INNOVATION AND GROWTH
Authors: CAO QIAN
Keywords: Growth, Innovation, Competition, R&D subsidy, Elasticity of substitution, Capital-output ratio
Issue Date: 29-Mar-2018
Citation: CAO QIAN (2018-03-29). ESSAYS ON INNOVATION AND GROWTH. ScholarBank@NUS Repository.
Abstract: The first chapter develops an extended version of the Schumpeterian framework in Segerstrom (2000) to reexamine the long-run growth effects of R&D subsidies. Unlike Segerstrom (2000), we show that R&D subsidies always have positive effects on long-run growth. We also show that some R&D subsidies are more effective than others in promoting long-run economic growth depending on the model's parameters. The second chapter develops a dynamic general equilibrium model of innovation-driven growth by incorporating entry and exit of firms into the step-by-step innovation model in Aghion et al. (2001). We examine the growth effects of imitation, internal competition as well as external competition and the growth effects of its related policies. In the third chapter, we propose a growth model with a constant elasticity of substitution (CES) production function to investigate the effects of taxation on the capital-output ratio and on growth.
URI: http://scholarbank.nus.edu.sg/handle/10635/144248
Appears in Collections:Ph.D Theses (Open)

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