Please use this identifier to cite or link to this item:
|Title:||Innovative vs. imitative R and D and economic growth|
|Source:||Zeng, J. (2001). Innovative vs. imitative R and D and economic growth. Journal of Development Economics 64 (2) : 499-528. ScholarBank@NUS Repository. https://doi.org/10.1016/S0304-3878(00)00148-6|
|Abstract:||This paper develops a multi-sector dynamic general equilibrium growth model, in which innovation improves product quality and imitation expands product variety and both innovation and imitation can occur simultaneously in the same sector. Within the analytical framework so developed, we show that (i) subsidizing innovation and taxing imitation are not necessarily equivalent in terms of their effects on imitation; (ii) an innovation subsidy always speeds up economics growth while an imitation subsidy always does the opposite; and (iii) the welfare effects of both innovation and imitation subsidies are ambiguous. © 2001 Elsevier Science B.V. All rights reserved.|
|Source Title:||Journal of Development Economics|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Feb 13, 2018
WEB OF SCIENCETM
checked on Jan 10, 2018
checked on Feb 18, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.