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The Impact of Government R&D - Some Empirical Evidence

Jan Bentzen and Valdemar Smith ()

Working Papers from Aarhus School of Business - Department of Economics

Abstract: In this paper we analyse the impact of public R&D on private sector output. It is argued that public research expenditures will increase the input supply in private R&D and accordingly enlarge business sector output. We test the model on danish time series data over period 1973 to 1995.

Keywords: RESEARCH AND DEVELOPMENT; PRODUCTIVITY Business. Fuglesangs Alle 4. DK-8210 Aarhus V -Denmark. 20p. (search for similar items in EconPapers)
JEL-codes: O30 H50 D24 (search for similar items in EconPapers)
Date: 1999
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