This paper studies the interaction between production subsidies and innovation subsidies. We develop a model which … understand how firms react to each type of subsidy. In a three-stage game, the government chooses production and innovation … crowd out innovation, since they reduce the gain for firms from investing in R&D. On the other hand, providing a production …

This paper studies the interaction between production subsidies and innovation subsidies. We develop a model which … understand how firms react to each type of subsidy. In a three-stage game, the government chooses production and innovation … crowd out innovation. On the other hand, providing a production subsidy reduces the cost of the innovation subsidy, and vice …

Globalization, Specialization and Innovation Dynamics.- Savings, Investment and Growth: New Approaches for …, Structural Change and Growth -- Macroeconomic Aspects of Opening Up, Unemployment, Growth and Transition -- Productivity Shocks …, Innovations, Stock Market Dynamics and Growth,- Innovation Dynamics and Optimum Growth -- Trade, Structural Change and Growth in …

, innovations and growth are considered from a new perspective. With respect to economic policy - in particular innovation policy … considered from a new perspective. With respect to economic policy - in particular innovation policy - the analysis implies major …