In this article we present an endogenous growth model with productive public investment in infrastructure capital. Further, we suppose that the government pays lump-sum transfers to the household and subsidizes private investment. First, we demonstrate that there exists a unique balanced growth...

This paper examines the relation between the innovation output from universities and the innovation output from industry on a historic-empirical data base in the pharmaceutical industry. We suggest a stable cross-country pattern of innovation output to exist where public funded universities act...