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Leahy, Dermot (1999) R&D spillovers and the case for industrial policy in an open economy. Oxford Economic Papers, 51. pp. 40-59. ISSN 0030-7653
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Abstract
n this paper we consider the case for subsidies towards firms which generate R&D
spillovers in open economies. We show that in the presence of strategic behaviour by
firms many expected results are overturned. Local R&D spillovers to other domestic
firms may justify an R&D tax rather than a subsidy; R&D cooperation by local firms
over-internalises the externality and also justifies an R&D tax; and international
spillovers which benefit foreign firms may justify a subsidy, even though the govern-
ment cares only about the proÆts of home firms.
| Item Type: | Article |
|---|---|
| Keywords: | R&D spillovers; industrial policy; open economy; |
| Academic Unit: | Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: | 8475 |
| Depositing User: | Dermot Leahy |
| Date Deposited: | 18 Jul 2017 14:57 |
| Journal or Publication Title: | Oxford Economic Papers |
| Publisher: | Oxford University Press |
| Refereed: | Yes |
| Related URLs: | |
| Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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