International journal of industrial organization, 1999-02, Vol.17 (2), p.215-239
1999
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Details
- Autor(en) / Beteiligte
- Titel
- Spillovers from publicly financed R&D capital in high-tech industries
- Ist Teil von
- International journal of industrial organization, 1999-02, Vol.17 (2), p.215-239
- Ort / Verlag
- Amsterdam: Elsevier B.V
- Erscheinungsjahr
- 1999
- Quelle
- Elsevier Journal Backfiles on ScienceDirect (DFG Nationallizenzen)
- Beschreibungen/Notizen
- This paper employs a dynamic production model to examine the short-run effects of publicly financed R&D capital on the cost structure of six high-tech US manufacturing industries. The results show that, given an industry's output, publicly financed R&D capital reduces the variable production cost in all industries. In addition an increase in publicly financed R&D causes output to increase implying that producers as well consumers are better off, despite the presence of strong monopoly power in some industries. A low bound for the `social' rate of return to publicly financed R&D is also calculated.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0167-7187eISSN: 1873-7986DOI: 10.1016/S0167-7187(97)00039-8Titel-ID: cdi_proquest_miscellaneous_38676080
- Format
- –
- Schlagworte
- Dynamic models, Dynamic production model, Economic models, High tech industries, High technology, Industrial economics, Investment returns, Manufacturing, Monopoly power, Public finance, Public R&D, R&D, Rate of returns, Rates of return, Research & development, Research and development, Spillovers, Studies, Welfare