Optimal growth policy: The role of skill heterogeneity
BP2-STS
- Grossmann, Volker ORCID University of Fribourg, CESifo, IZA
- Steger, Thomas M. University of Leipzig
- 2013
Published in:
- Economics Letters. - Elsevier BV. - 2013, vol. 119, no. 2, p. 162-164
English
A simple semi-endogenous growth model is employed to show that optimal subsidization of both R&D and capital costs is independent of the distribution of R&D skills in the workforce. This holds despite the empirically supported fact that a higher R&D subsidy rate raises wages of R&D workers.
- Faculty
- Faculté des sciences économiques et sociales et du management
- Department
- Département d'économie politique
- Language
-
- English
- Classification
- Economics
- License
-
Rights reserved
- Open access status
- green
- Identifiers
-
- DOI 10.1016/j.econlet.2013.01.032
- ISSN 0165-1765
- Persistent URL
- https://folia.unifr.ch/unifr/documents/322918
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