Market failure, government inefficiency, and optimal R&D policy

Fidel Perez-Sebastian
Authors registered in the RePEc Author Service: Fidel Perez Sebastian

Economics Letters, 2015, vol. 128, issue C, 43-47

Abstract: This paper presents a growth model that can explain the coexistence of intellectual property rights and R&D subsidies as a response to the presence of both market and government failures. The framework can also generate the observed positive correlation between these two policy tools.

Keywords: R&D subsidies; IPR; Economic growth (search for similar items in EconPapers)
JEL-codes: O3 O41 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:128:y:2015:i:c:p:43-47

DOI: 10.1016/j.econlet.2015.01.012

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