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| Author: | Steger, T. M. |
| Title: | Welfare implications of non-scale R&D-based growth models |
| Journal: | Scandinavian Journal of Economics
2005 : VOL. 107:4, p. 737-757 |
| Index terms: | R&D growth welfare |
| Language: | eng |
| Abstract: | In this study the allocative bias in the R&D investment share and the saving rate resulting from distortions inherent in a market economy is analysed within a general multi-sector R&D-based growth model. The study also assesses the quantitative welfare implications and the consequences of public policies. |
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