Arbeitspapier
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Discussion Papers ; No. 635
- Classification
-
Wirtschaft
Management of Technological Innovation and R&D
Technological Change: Government Policy
- Subject
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Innovation policy
R&D
Technological spillovers
- Event
-
Geistige Schöpfung
- (who)
-
Bjertnæs, Geir H.
Heggedal, Tom-Reiel
Jacobsen, Karl
- Event
-
Veröffentlichung
- (who)
-
Statistics Norway, Research Department
- (where)
-
Oslo
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Bjertnæs, Geir H.
- Heggedal, Tom-Reiel
- Jacobsen, Karl
- Statistics Norway, Research Department
Time of origin
- 2010
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