Strategic Trade Policy and Endogenous R&D-Subsidies: An Empirical Study
By looking at the characteristics of industries targeted for R&D subsidies, the author examines empirically whether economic or political considerations seem to dominate in the formation of government R&D policy. In line with implications based on traditional economic theory, industries characterized by a high technological level of production, along with industries that pay above-normal returns to labor, receive more than average R&D support. On the other hand, industries in decline, along with labor intensive industries, are favored, which is expected from a political economy perspective. Copyright 1998 by WWZ and Helbing & Lichtenhahn Verlag AG
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Volume (Year): 51 (1998)
Issue (Month): 2 ()
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