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https://hdl.handle.net/10419/18864
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Grossmann, Volker | en |
dc.date.accessioned | 2009-01-28T15:53:25Z | - |
dc.date.available | 2009-01-28T15:53:25Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/18864 | - |
dc.description.abstract | Empirical evidence suggests that positive externalities from R&D exceed negative ones.According to conventional wisdom, this calls for R&D subsidies. This paper develops aquality-ladder growth model with overlapping generations which evaluates the positive andnormative implications of R&D subsidies and compares them with the effects of publiceducation policy to promote R&D. Unlike standard growth models, the proposed frameworkaccounts for the specificity of science and engineering (S&E) skills, where individualsendogenously choose the type of education, and allows for heterogeneity in individual ability.Although intertemporal knowledge spillovers are hypothesized and negative R&Dexternalities are absent, the analysis shows somewhat surprisingly that R&D subsidies may bedetrimental to both productivity growth and welfare, in contrast to publicly providededucation targeted to S&E skills. Finally, the optimal structure of public education spendingon different skills is examined. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1225 | en |
dc.subject.jel | O31 | en |
dc.subject.jel | H20 | en |
dc.subject.jel | O41 | en |
dc.subject.jel | O38 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | education policy | en |
dc.subject.keyword | endogenous growth | en |
dc.subject.keyword | R&D subsidies | en |
dc.subject.keyword | scientists and engineers | en |
dc.subject.stw | Hochschulfinanzierung | en |
dc.subject.stw | Öffentliche Bildungsausgaben | en |
dc.subject.stw | Forschungssubvention | en |
dc.subject.stw | Vergleich | en |
dc.subject.stw | Neue Wachstumstheorie | en |
dc.subject.stw | Bildungsverhalten | en |
dc.subject.stw | Theorie | en |
dc.title | How to promote R&D-based growth? : public education expenditure on scientists and engineers versus R&D subsidies | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 85668550X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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