Please use this identifier to cite or link to this item:
https://doi.org/10.1016/j.jedc.2006.01.006
DC Field | Value | |
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dc.title | Subsidies in an R&D growth model with elastic labor | |
dc.contributor.author | Zeng, J. | |
dc.contributor.author | Zhang, J. | |
dc.date.accessioned | 2011-02-24T06:55:50Z | |
dc.date.available | 2011-02-24T06:55:50Z | |
dc.date.issued | 2007 | |
dc.identifier.citation | Zeng, J., Zhang, J. (2007). Subsidies in an R&D growth model with elastic labor. Journal of Economic Dynamics and Control 31 (3) : 861-886. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jedc.2006.01.006 | |
dc.identifier.issn | 01651889 | |
dc.identifier.uri | http://scholarbank.nus.edu.sg/handle/10635/20033 | |
dc.description.abstract | This paper compares different subsidies in an R&D growth model with competitive suppliers of a final good and monopolistic suppliers of intermediate goods. Unlike existing studies with lump-sum taxes and fixed labor, we assume distortionary taxes and elastic labor, finding some new insights. First, subsidizing R&D investment is more effective than subsidizing final output or subsidizing the purchase of intermediate goods in terms of promoting growth. Second, in terms of raising welfare, the R&D subsidy may also be more effective than the other subsidies and all of them are dominated by their mix, but none can achieve the social optimum.©2006 Elsevier B.V. All rights reserved. | |
dc.description.uri | http://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jedc.2006.01.006 | |
dc.source | Scopus | |
dc.subject | Growth | |
dc.subject | Innovation | |
dc.subject | Monopoly pricing | |
dc.subject | Subsidies | |
dc.type | Article | |
dc.contributor.department | ECONOMICS | |
dc.description.doi | 10.1016/j.jedc.2006.01.006 | |
dc.description.sourcetitle | Journal of Economic Dynamics and Control | |
dc.description.volume | 31 | |
dc.description.issue | 3 | |
dc.description.page | 861-886 | |
dc.description.coden | JEDCD | |
dc.identifier.isiut | 000244552400006 | |
Appears in Collections: | Staff Publications |
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