R&D Subsidies and Foreign Direct Investment

被引：0
作者：
Manuel A. Gómez
Tiago Neves Sequeira
机构：
[1] Universidade da Coruña,Departamento de Economía Aplicada II and Grupo Competencia e Desenvolvemento (C+D)
[2] Campus de A Coruña,Departamento de Gestão e Economia (DGE) and CEFAGE
[3] Universidade da Beira Interior,UBI
[4] Estrada do Sineiro,undefined
来源：
Open Economies Review | 2016年 / 27卷
关键词：
Convergence; Stability; Foreign direct investment; R&D; C62; O11; O41;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
We devise a model in which domestic firms do applied R&D, which can be subsidized by the government, and foreign firms with superior technology can enter in the domestic market. Foreign Direct Investment can act as a substitute of subsidies to improve domestic R&D, the share of domestic leading firms and consumption. Relatively closed economies may benefit from R&D subsidization while relatively open economies may not. For relatively low growth of the technological frontier, it is optimal to subsidize R&D and close the economy to foreign investment but the opposite happens for relatively high growth. Numerical simulations show the economy dynamics after policy experiments.
引用
收藏
页码：769 / 793
页数：24
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