R&D Subsidies and Multinational Firm Ownership

Richard Gretz, Jannett Highfill () and Scott Robert C ()
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Scott Robert C: Bradley University

Global Economy Journal, 2007, vol. 7, issue 1, 47

Abstract: Most industrialized countries subsidize private sector R&D, even under some circumstances when the firm is owned by foreigners. The present paper, using a simple theoretical analysis of a monopoly firm selling only to the U.S. market, argues that such subsidies are welfare enhancing--as long, of course--as the funding agency chooses the projects it funds wisely. The paper suggests that a subsidy rate of 50% might be warranted under some circumstances.

Keywords: ATP; Advanced Technology Program; NIST; National Institute of Standards and Technology (search for similar items in EconPapers)
Date: 2007
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DOI: 10.2202/1524-5861.1248

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