R&D Spillovers and the Case for Industrial Policy in an Open Economy

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R&D Spillovers and the Case for Industrial Policy in an Open Economy

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D Leahy
J.P Neary

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Abstract

In this paper we consider the case for subsidies towards firms which generate R&D spillovers in open economies. We show that many expected results are overturned in the presence of strategic behaviour by firms. Local R&D spillovers to other domestic firms may justify an R&D tax rather than a subsidy; R&D cooperation by local firms over-internalises the externality and also justifies an R&D tax; and international spillovers which benefit foreign firms may justify a subsidy, even though the government cares only about the profits of home firms.

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Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number 0345.

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Date of creation: Apr 1997
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Handle: RePEc:cep:cepdps:0345

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Article
- Leahy, Dermot & Neary, J Peter, 1999. "R&D Spillovers and the Case for Industrial Policy in an Open Economy," Oxford Economic Papers, Oxford University Press, vol. 51(1), pages 40-59, January.
Paper
- Leahy, Dermot & Neary, J Peter, 1997. "R&D Spillovers and the Case for Industrial Policy in an Open Economy," CEPR Discussion Papers 1671, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)

Cited by:
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Giammario Impullitti, 2007. "International Schumpeterian Competition and Optimal R&D subsidies," Economics Working Papers ECO2007/55, European University Institute. [Downloadable!]
Leahy, Dermot & Neary, J Peter, 2004. "Absorptive Capacity, R&D Spillovers and Public Policy," CEPR Discussion Papers 4171, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
Other versions:
- Leahy, Dermot & Neary, J. Peter, 2007. "Absorptive capacity, R&D spillovers, and public policy," International Journal of Industrial Organization, Elsevier, vol. 25(5), pages 1089-1108, October. [Downloadable!] (restricted)
Geremia Palomba, 2004. "Capital Income Taxation and Economic Growth in Open Economies," IMF Working Papers 04/91, International Monetary Fund. [Downloadable!]
Tom-Reiel Heggedal and Karl Jacobsen, 2008. "Timing of innovation policies when carbon emissions are restricted: an applied general equilibrium analysis," Discussion Papers 536, Research Department of Statistics Norway. [Downloadable!]
J.P Neary & D Leahy, 1998. "Strategic Trade and Industrial PolicyTowards Dynamic Oligopolies," CEP Discussion Papers 0409, Centre for Economic Performance, LSE. [Downloadable!]
Other versions:
- Neary, J.P. & Leahy, D., 1998. "Strategic Trade and Industrial Policy Towards Dynamic Oligopolies," Papers 98/14, College Dublin, Department of Political Economy-.
- Leahy, Dermot & Neary, J Peter, 1998. "Strategic Trade and Industrial Policy Towards Dynamic Oligopolies," CEPR Discussion Papers 1968, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
- Neary, J Peter & Leahy, Dermot, 2000. "Strategic Trade and Industrial Policy towards Dynamic Oligopolies," Economic Journal, Royal Economic Society, vol. 110(463), pages 484-508, April. [Downloadable!] (restricted)
Barros,P.P. & Nilssen,T., 1999. "Industrial policy and firm heterogeneity," Memorandum 02/1999, Oslo University, Department of Economics. [Downloadable!]
Other versions:
- Nilssen, Tore & Pita Barros, Pedro Luis, 1998. "Industrial Policy and Firm Heterogeneity," CEPR Discussion Papers 1986, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
- Barros, Pedro P & Nilssen, Tore, 1999. " Industrial Policy and Firm Heterogeneity," Scandinavian Journal of Economics, Blackwell Publishing, vol. 101(4), pages 597-616, December. [Downloadable!] (restricted)
Lukatch, Ruslan & Plasmans, Joseph, 2000. "R&D and Production Behavior of Asymmetric Duopoly Subject to Knowledge Spillovers," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
Other versions:
- Lukach R. & Plasmans J., 2000. "R&D and production behaviour of asymmetric duopoly subject to knowledge spillovers," Working Papers 2000005, University of Antwerp, Faculty of Applied Economics. [Downloadable!]
Jacobs, B. & Nahuis, R. & Tang, P.J.G., 1999. "Sectoral productivity growth and r&d spillovers in the Netherlands," Discussion Paper 15, Tilburg University, Center for Economic Research. [Downloadable!]
Anita Wölfl, 2000. "Spillover Effects and R&D-Cooperations - The Influence of Market Structure," IWH Discussion Papers 122, Halle Institute for Economic Research. [Downloadable!]
Joseph Plasmans & Ruslan Lukatch, 2001. "Measuring Knowledge Spillovers Using Belgian EPO and USPTO Patent Data," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
Other versions:
- Plasmans J. & Lukach R., 2001. "Measuring knowledge spillovers using Belgian EPO and USPTO patent data," Working Papers 2001007, University of Antwerp, Faculty of Applied Economics. [Downloadable!]
Brita Bye, Taran Fæhn and Tom-Reiel Heggedal, 2007. "Welfare and growth impacts of innovation policies in a small, open economy. An applied general equilibrium analysis," Discussion Papers 510, Research Department of Statistics Norway. [Downloadable!]

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