Market failure, government inefficiency, and optimal R&D policy

被引：12
|
作者：
Perez-Sebastian, Fidel [1 ,2 ]
机构：
[1] Univ Alicante, E-03080 Alicante, Spain
[2] Univ Hull, Kingston Upon Hull HU6 7RX, N Humberside, England
来源：
ECONOMICS LETTERS | 2015年 / 128卷
关键词：
R&D subsidies; IPR; Economic growth; INTELLECTUAL PROPERTY-RIGHTS; GROWTH; MODEL;
D O I：
10.1016/j.econlet.2015.01.012
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper presents a growth model that can explain the coexistence of intellectual property rights and R&D subsidies as a response to the presence of both market and government failures. The framework can also generate the observed positive correlation between these two policy tools. (C) 2015 Elsevier B.V. All rights reserved.
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页码：43 / 47
页数：5
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