Discussion Papers no. 635
Knowledge spillovers and the timing of R&D policy
We analyze how knowledge spillovers influence the optimal timing of R&D policy. Using numerical simulations we find that optimal subsidies to R&D may be rising over time even when the returns to knowledge is decreasing. The optimal time profile of the subsidies is determined by the elasticity of scale in the R&D production function, which again depends on both the returns to knowledge and the returns to labor.
Om publikasjonen
- Tittel
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Knowledge spillovers and the timing of R&D policy
- Ansvarlige
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Geir H. Bjertnæs, Tom-Reiel Heggedal, Karl Jacobsen
- Serie og -nummer
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Discussion Papers no. 635
- Utgiver
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Statistics Norway
- Emne
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Discussion Papers
- ISSN
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1892-753X
- Antall sider
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15
- Målform
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Engelsk
- Om Discussion Papers
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Discussion papers comprise research papers intended for international journals and books. A preprint of a Discussion Paper may be longer and more elaborate than a standard journal article as it may include intermediate calculations, background material etc.
Kontakt
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