Please use this identifier to cite or link to this item: https://doi.org/10.1016/S0304-3878(00)00148-6
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dc.titleInnovative vs. imitative R and D and economic growth
dc.contributor.authorZeng, J.
dc.date.accessioned2011-05-03T08:09:57Z
dc.date.available2011-05-03T08:09:57Z
dc.date.issued2001
dc.identifier.citationZeng, 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
dc.identifier.issn03043878
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/22431
dc.description.abstractThis 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/S0304-3878(00)00148-6
dc.sourceScopus
dc.subjectEconomic growth
dc.subjectImitation
dc.subjectInnovation
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/S0304-3878(00)00148-6
dc.description.sourcetitleJournal of Development Economics
dc.description.volume64
dc.description.issue2
dc.description.page499-528
dc.identifier.isiut000167002100009
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