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Introduction / David D. Dill, Frans A. Van Vught -- Australia / V. Lynn Meek, Leo Goedegebuure, Jeannet Van Der Lee -- Canada / Donald Fisher, Kjell Rubenson -- Japan / Akira Arimoto -- The European Union / Frans A. Van Vught -- Finland / Seppo Hölttä -- Germany / Jürgen Enders -- The...
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This paper reviews the empirical literature on rates of return on R&D and interprets the economic significance of these estimates using a semi-endogenous growth model with a calibrated knowledge production sector. We analyse how R&D subsidies, a reduction of entry barriers for start-ups and...
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