Mello-Sampayo, Felipa de; Sousa-Vale, Sofia de; … - In: Journal of Economic Studies 39 (2012) January, pp. 106-124
shift from an optimal into a non-optimal innovation policy. Design/methodology/approach – A theoretical model is developed … in order to examine and explain the growth and welfare effects of optimal and non-optimal innovation policies. The non … supporting national R&D instead of foreign R&D and conclude that the same support given to innovation can produce strikingly …