Discussion Papers no. 571
On R&D and the undersupply of emerging versus mature technologies
An important policy question is whether research and development (R&D) in new, emerging technologies should be more subsidized than R&D in other more mature technologies. In this paper I analyze if innovation externalities caused by knowledge spillovers from private firms may warrant a differentiated R&D policy. I find that R&D in emerging and mature technologies should not be subsidized equally. The reason is that R&D in the two technologies is not equally undersupplied in the market due to differences in their knowledge stocks. R&D in the mature technology should be subsidized more when the sum of the output elasticities with respect to labor and knowledge in R&D production is high, while R&D in the emerging technology should be subsidized more when the elasticities are low.
Om publikasjonen
- Tittel
-
On R&D and the undersupply of emerging versus mature technologies
- Ansvarlig
-
Tom-Reiel Heggedal
- Serie og -nummer
-
Discussion Papers no. 571
- Utgiver
-
Statistics Norway
- Emne
-
Discussion Papers
- Antall sider
-
33
- Målform
-
Engelsk
- Om Discussion Papers
-
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
-
SSBs informasjonstjeneste