We provide steps towards a welfare analysis of a two-country endogenous growth model where a relatively small follower absorbs part of the knowledge generated in the leading country. To solve a suitably defined infinite-horizon dynamic optimization problem a specialized version of the Pontryagin...

This paper explores the effects of Austria's recent Special Funds initiative on the R&D expenditures of its private corporate sector. It is the first one to approach the due evaluation from a macro perspective. First, simple descriptive statistics show that the noticeable delays in actual...

EU enlargement has increased the diversity of the European Union in a substantial way, in particular with respect to its capacities in the fields of science, technology and innovation (STI). The shares of both gross and business sector expenditures on R&D in GDP are increasingly diverging...

EU enlargement has increased the diversity of the European Union in a substantial way, in particular with respect to its capacities in the fields of science, technology and innovation (STI). The shares of both gross and business sector expenditures on R&D in GDP are increasingly diverging...

This paper explores the effects of Austria's recent Special Funds initiative on the R&D expenditures of its private corporate sector. It is the first one to approach the due evaluation from a macro perspective. First, simple descriptive statistics show that the noticeable delays in actual...