Knowledge spillovers and R&D subsidies to new, emerging technologies

dc.contributor.author	Heggedal, Tom-Reiel
dc.date.accessioned	2015-07-30T08:42:52Z
dc.date.available	2015-07-30T08:42:52Z
dc.date.issued	2015
dc.identifier.citation	Economics of Innovation and New Technology, 24(2015)7:710-733	nb_NO
dc.identifier.issn	1043-8599
dc.identifier.issn	1476-8364
dc.identifier.uri	http://hdl.handle.net/11250/293925
dc.description	This is the author’s accepted, refereed and final manuscript to the article	nb_NO
dc.description.abstract	Is knowledge spillover a rationale for supporting R&D on new, emerging technologies more than R&D on other technologies? In this paper, I analyze whether innovation externalities caused only by knowledge spillovers differ between technologies of different maturity. I show that R&D should not be subsidized equally across industries when the knowledge stocks differ. This is because knowledge spillovers depend on the size of the knowledge stock and the elasticity of scale in R&D production. R&D in the emerging technology should be subsidized more when the elasticity is smaller than one. However, R&D in the mature technology should be subsidized more when the elasticity is larger than one.	nb_NO
dc.language.iso	eng	nb_NO
dc.publisher	Taylor and Francis	nb_NO
dc.title	Knowledge spillovers and R&D subsidies to new, emerging technologies	nb_NO
dc.type	Journal article	nb_NO
dc.type	Peer reviewed	nb_NO
dc.source.journal	Economics of Innovation and New Technology	nb_NO
dc.identifier.doi	10.1080/10438599.2014.981004
dc.description.localcode	1, Forfatterversjon	nb_NO