search query: @author Mamuneas, T. / total: 3
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| Author: | Mamuneas, T. |
| Title: | Spillovers from publicly financed R&D capital in high-tech industries |
| Journal: | International Journal of Industrial Organization
1999 : FEB, VOL. 17:2, p. 215-240 |
| Index terms: | INDUSTRIAL ORGANIZATION R&D INDUSTRIES |
| Language: | eng |
| Abstract: | This paper employs a dynamic production model to examine the short-run effects of publicly financed R&D capital on the cost structure of six high-tech US manufacturing industries. The results show that, given an industry's output, publicly financed R&D capital reduces the variable production cost in all industries. In addition, an increase in publicly financed R&D causes output to increase implying that producers as well as consumers are better off, despite the presence of strong monopoly power in some industries. |
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