High-Technology Subsidies in General Equilibrium: A Sector-Specific Approach

Karolina Ekholm () and Johan Torstensson

Canadian Journal of Economics, 1997, vol. 30, issue 4, 1184-1203

Abstract: The authors use a specific-factor model to examine the conditions under which policymakers are able to increase aggregate production of high-tech goods by production or R&D subsidies in the short and long run. The difficulties for the policymaker in designing a subsidy scheme that succeeds in expanding aggregate high-tech production involve taking into account the trade-off between resources used in R&D and production of high-tech goods, the relative impact of different R&D activities on productivity, and the ease with which resources may be attracted from the non-high-tech sector of the economy to the various high-tech industries.

Date: 1997
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Citations: View citations in EconPapers (49)

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Working Paper: High-Technology Subsidies in General Equilibrium: A Sector-Specific Approach (1996)
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