Optimal R&D subsidies in a model with physical capital, human capital and varieties

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UDC.coleccionInvestigaciónes_ES
UDC.departamentoEconomíaes_ES
UDC.grupoInvGrupo Jean Monnet de Competitividade e Desenvolvemento (GCD)es_ES
dc.contributor.authorGómez, Manuel A.
dc.contributor.authorSequeira, Tiago N.
dc.date.accessioned2015-02-03T09:11:52Z
dc.date.embargoEndDate2016-01-01es_ES
dc.date.embargoLift2016-01-01
dc.date.issued2013
dc.descriptionCopyright © 2013 Elsevier. NOTICE: this is the author’s version of a work that was accepted for publication in Economic Modelling. Changes resulting from the publishing process, such as editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published in Economic Modelling 30, 217-224, 2013. DOI: http://dx.doi.org/10.1016/j.econmod.2012.07.019.es_ES
dc.description.abstract[Abstract] In this paper, we analyze the social planner solution of an endogenous growth model with physical capital, human capital and R&D. The model incorporates three sources of inefficiency: monopolistic competition in the intermediate-goods sector, duplication externalities and spillovers in R&D. A complete stability analysis for the optimal growth problem of this model is provided. We characterize the optimal policy that can decentralize the optimal solution and find that the path of the optimal R&D subsidy can be non-monotonic.es_ES
dc.description.sponsorshipMinisterio de Economía y Competitividad; ECO2011-25490es_ES
dc.description.sponsorshipPortugal. Fundação para a Ciência e a Tecnologia; PTDC/EGE-ECO 102238/2008
dc.identifier.citationGómez, Manuel A. and Sequeira, Tiago N. (2013), Optimal R&D subsidies in a model with physical capital, human capital and varieties, Economic Modelling 30, 217-224.es_ES
dc.identifier.issn0264-9993
dc.identifier.urihttp://hdl.handle.net/2183/13997
dc.language.isoenges_ES
dc.publisherElsevieres_ES
dc.relation.urihttp://dx.doi.org/10.1016/j.econmod.2012.07.019es_ES
dc.rights.accessRightsopen accesses_ES
dc.subjectEndogenous growthes_ES
dc.subjectR&Des_ES
dc.subjectOptimal policyes_ES
dc.titleOptimal R&D subsidies in a model with physical capital, human capital and varietieses_ES
dc.typejournal articlees_ES
dspace.entity.typePublication
relation.isAuthorOfPublication31163bb0-db47-498e-857a-dafffb96ef44
relation.isAuthorOfPublication.latestForDiscovery31163bb0-db47-498e-857a-dafffb96ef44

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