Takao, Kizuku - In: The Japanese Economic Review 65 (2014) 1, pp. 129-136
type="main" <p>This paper examines a dynamically optimal subsidy policy in a continuous-time version of the endogenous growth model developed by Krusell (Krusell, P. (1998) “Investment-Specific R&D and the Decline in the Relative Price of Capital”, Journal of Economic Growth, vol. 3, no. 2, pp....</p>