This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can … innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in …

, incumbents. With these models at hand, we provide new insights on the interplay of innovation dynamics and fiscal policy …

enables the model to replicate the empirically rather moderate correlation between the R&D innovation probabilities of …

, incumbents. With these models at hand, we provide new insights on the interplay of innovation dynamics and fiscal policy. …

development (R&D) by entrants and, if applicable, incumbents. Regardless of the innovation structure, an increase in consumption … economic growth alongside a welfare loss in the homogeneous innovation model. However, in the heterogeneous innovation model … higher welfare. Only higher capital investment subsidies lead to jointly higher growth and welfare in both innovation models …

There appears to be significant diversity in the incidence of bureaucratic corruption across countries at different … has been offered, however, on the link between corruption, government, and growth. The paper attempts to fill the void …

Economic and rent-seeking outcomes are determined jointly in a dynamic general equilibrium model of corruption, public … responsible for providing public goods, which contribute to productive efficiency. Corruption arises because of an opportunity for …. The model produces multiple development regimes, which yield different predictions about corruption, public spending and …