Arbeitspapier

High-Technology Subsidies in General Equilibrium: A Sector-Specific Approach

We use a specific-factor model to examine the conditions under which policy-makers are able to increase aggregate production of high-tech goods by production or R&D-subsidies in the short and long run. The difficulties for the policy-makers in designing a subsidy scheme that succeeds in expanding aggregate high-tech production involve taking into account the trade-off between resources used in R&D and production of high-tech goods, the relative impact of different R&D activities on productivity, and the ease with which resources may be attracted from the non-high-tech sector of the economy to the various high-tech industries.

Language
Englisch

Bibliographic citation
Series: IUI Working Paper ; No. 467

Classification
Wirtschaft
Neoclassical Models of Trade
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Subject
PRODUCTION
RESEARCH AND DEVELOPMENT
PRODUCTIVITY

Event
Geistige Schöpfung
(who)
Ekholm, Karolina
Torstensson, Johan
Event
Veröffentlichung
(who)
The Research Institute of Industrial Economics (IUI)
(where)
Stockholm
(when)
1996

Handle
Last update
10.03.2025, 11:47 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Ekholm, Karolina
  • Torstensson, Johan
  • The Research Institute of Industrial Economics (IUI)

Time of origin

  • 1996

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