Bye, Brita; Fæhn, Taran; Heggedal, Tom-Reiel - In: Economic Modelling 26 (2009) 5, pp. 1075-1088
We explore how innovation incentives in a small, open economy should be designed in order to achieve the highest welfare and growth. The computable general equilibrium model we develop for the purpose allows for research and development (R&D)-driven endogenous technological change embodied in...