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.

An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

Omslag 2017 Institutional Reform for Innovation and Entrepreneurship.jpg

The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.

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