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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18864Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Grossmann, Volker | - |
| dc.date | 2004 | - |
| dc.date.accessioned | 2013-10-16T07:01:42Z | - |
| dc.date.available | 2013-10-16T07:01:42Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/18864 | - |
| dc.identifier | ppn:391082507 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18864 | - |
| dc.description | Empirical evidence suggests that positive externalities from R&D exceed negative ones. According to conventional wisdom, this calls for R&D subsidies. This paper develops a quality-ladder growth model with overlapping generations which evaluates the positive and normative implications of R&D subsidies and compares them with the effects of public education policy to promote R&D. Unlike standard growth models, the proposed framework accounts for the specificity of science and engineering (S&E) skills, where individuals endogenously choose the type of education, and allows for heterogeneity in individual ability. Although intertemporal knowledge spillovers are hypothesized and negative R&D externalities are absent, the analysis shows somewhat surprisingly that R&D subsidies may be detrimental to both productivity growth and welfare, in contrast to publicly provided education targeted to S&E skills. Finally, the optimal structure of public education spending on different skills is examined. | - |
| dc.language | eng | - |
| dc.publisher | - | |
| dc.relation | CESifo working papers 1225 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | O31 | - |
| dc.subject | H20 | - |
| dc.subject | O41 | - |
| dc.subject | O38 | - |
| dc.subject | ddc:330 | - |
| dc.subject | education policy | - |
| dc.subject | endogenous growth | - |
| dc.subject | R&D subsidies | - |
| dc.subject | scientists and engineers | - |
| dc.subject | Hochschulfinanzierung | - |
| dc.subject | Öffentliche Bildungsausgaben | - |
| dc.subject | Forschungssubvention | - |
| dc.subject | Vergleich | - |
| dc.subject | Neue Wachstumstheorie | - |
| dc.subject | Bildungsverhalten | - |
| dc.subject | Theorie | - |
| dc.title | How to promote R&D-based growth? : public education expenditure on scientists and engineers versus R&D subsidies | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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