IDEAS home Printed from https://ideas.repec.org/a/bla/scotjp/v53y2006i4p447-460.html
   My bibliography  Save this article

Growth, R&D And Welfare: The Role Of Public Policy

Author

Listed:
  • Antonio Minniti

Abstract

This paper analyzes the normative side of an R&D growth model in which market structure and growth are jointly determined in the equilibrium of a one‐sector economy under monopolistic competition. We find that a distortion in the allocation of R&D, namely the presence of technological spillovers between firms, generates two market failures: insufficient growth and excessive entry of firms. We show that this result is driven by the interplay between market structure and growth. A simple tax/subsidy scheme to support the efficient solution is proposed.

Suggested Citation

  • Antonio Minniti, 2006. "Growth, R&D And Welfare: The Role Of Public Policy," Scottish Journal of Political Economy, Scottish Economic Society, vol. 53(4), pages 447-460, September.
    • Handle: RePEc:bla:scotjp:v:53:y:2006:i:4:p:447-460
    DOI: 10.1111/j.1467-9485.2006.00389.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-9485.2006.00389.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-9485.2006.00389.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:scotjp:v:53:y:2006:i:4:p:447-460. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/sesssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.