Working Paper No. 467

High-Technology Subsidies in General Equilibrium: A Sector-Specific Approach

Published: September 1996Pages: 27Keywords: PRODUCTION; RESEARCH AND DEVELOPMENT; PRODUCTIVITYJEL-codes: F11; F12

High-Technology Subsidies in General Equilibrium: A Sector-Specific Approach Karolina Ekholm and Johan Torstensson


We use a specific-factor model to examine the conditions under which policy-makers are able to increase aggregate production of high-tech goods by production or R&D-subsidies in the short and long run. The difficulties for the policy-makers in designing a subsidy scheme that succeeds in expanding aggregate high-tech production involve taking into account the trade-off between resources used in R&D and production of high-tech goods, the relative impact of different R&D activities on productivity, and the ease with which resources may be attracted from the non-high-tech sector of the economy to the various high-tech industries.

Elgar Companion to

Social Capital and Health

Martin Ljunge okt 2018.jpg

Martin Ljunge, IFN, is the author of a chapter, "Trust promotes health: addressing reverse causality by studying children of immigrants", in a new book edited by Sherman Folland and Eric Nauenberg. The cutting edge of research is presented, covering the ever-expanding social capital field.

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