Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/303248 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
ISER Discussion Paper No. 1258
Verlag: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Zusammenfassung: 
This paper examines the effect of growth-enhancing policies in an R&D-based endogenous growth model when the government does not have the ability to raise taxes to finance the required expenses. We show that the government can increase the economic growth rate by debt-financed R&D subsidies while perpetually rolling over the debt, if the productivity of research workers in product development is higher than a threshold. If the condition is not met, the government debt becomes unsustainable, or the growth rate is reduced by subsidy.
Schlagwörter: 
Economic Growth
Endogenous Growth
Public Debt
Ponzi Scheme
Research Subsidy
JEL: 
O38
O41
Dokumentart: 
Working Paper

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