Bosi, Stefano; Laurent, Thierry - Centre d'Études des Politiques Économiques (EPEE), … - 2008
, namely the optimal share of investments in medical R&D in total public spending. In or- der to capture the long-run impact of … tax-financed medical R&D on the growth rate, we develop an endogenous growth model in the spirit of Barro [1990]. The … model focuses on the optimal sharing of public re- sources between consumption and (non-health) investment, medical R&D and …