Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/52140
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dc.titleSubsidies in an R&D growth model with elastic labor
dc.contributor.authorZeng, J.
dc.contributor.authorZhang, J.
dc.date.accessioned2014-05-05T10:25:51Z
dc.date.available2014-05-05T10:25:51Z
dc.date.issued2007-03
dc.identifier.citationZeng, J., Zhang, J. (2007-03). Subsidies in an R&D growth model with elastic labor. Journal of Economic Dynamics and Control 31 (3) : 861-886. ScholarBank@NUS Repository.
dc.identifier.issn01651889
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/52140
dc.description.abstractThis 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.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jedc.2006.01.006
dc.sourceScopus
dc.subjectGrowth
dc.subjectInnovation
dc.subjectMonopoly pricing
dc.subjectSubsidies
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.sourcetitleJournal of Economic Dynamics and Control
dc.description.volume31
dc.description.issue3
dc.description.page861-886
dc.description.codenJEDCD
dc.identifier.isiut000244552400006
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