The welfare effects of R&D subsidies are examined using a product cycle model of trade between two developed countries. Simulations are done for steady-state welfare in Japan and the USA for high- and low-skilled labor over different combinations of subsidy rates. Japanese subsidies to R&D...

We examine the welfare effects of R&D subsidies using a product cycle model of trade between two developed countries. We simulate steady-state welfare in Japan and the U.S. for high- and low-skilled labor over different combinations of subsidy rates. Japanese subsidies to R&D usually benefit...

Creating complex thinkers amongst a student body with developing critical thinking skills require strategies that help the student hold diverse views, understand alternative perspectives and be able to evaluate them. This paper describes a sequence of active learning activities centered on the...