| 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 |
|