haku: @indexterm subsidies / yhteensä: 222
viite: 79 / 222
| Tekijä: | |
| Otsikko: | Phases of imitation and innovation in a North-South endogenous growth model |
| Lehti: | Oxford Economic Papers
1999 : JAN, VOL. 51:1, p. 60-88 |
| Asiasana: | Economic theory Growth R&D Technology transfer Subsidies Models |
| Kieli: | eng |
| Tiivistelmä: | There is a North-South endogenous growth model developed to examine three phases of Southern development imitation of Northern products, imitation and innovation, and innovation only. It is shown that the three phases exist as possible equilibria which depend on knowledge spill-overs and the ease of imitation. Applying the model to analyze the impact of R & D subsidies, there are clear policy implications: (i) The welfare effects of subsidies in both blocs depend crucially on the Southern phase. (ii) There are circumstances where the global benefits from subsidies to the South are so substantial as to be Pareto-improving even when fully financed by the North. |
SCIMA