The Long-Run Growth Effects of R&D Subsidies

Paul Segerstrom

Journal of Economic Growth, 2000, vol. 5, issue 3, 277-305

Abstract: This article presents a generalized version of Howitt's (1999) model of R&D-driven growth without scale effects and a complete characterization of the long-run growth effects of R&D subsidies. R&D subsidies can either promote or retard long-run economic growth, and surprisingly, the growth-retarding outcome occurs for a wide range of plausible parameter values. This article also presents a new intuitive explanation for why R&D subsidies can have long-run growth effects (both positive and negative). Copyright 2000 by Kluwer Academic Publishers

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (108)

Downloads: (external link)
http://journals.kluweronline.com/issn/1381-4338/contents link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The Long-Run Growth Effects of R&D Subsidies (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jecgro:v:5:y:2000:i:3:p:277-305

Ordering information: This journal article can be ordered from
http://www.springer. ... th/journal/10887/PS2

Access Statistics for this article

Journal of Economic Growth is currently edited by Oded Galor

More articles in Journal of Economic Growth from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().