Endogenizing technological progress: The MESEMET model
This paper endogenizes technology and human capital formation in the MESEM model that was developed by van Sinderen (Economic Modelling, 1993, 13, 285-300). Tax allowances for private R&D expenditures and public expenditures on both education and R& D are effective instruments to stimulate economic growth. Simulations with respect to market clearing, the importance of supply-side elements and key parameters (such as the magnitude of spillovers and substitution elasticities) reveal that tax allowances for private R & D are the most robust instrument to increase economic growth throu... Mehr ...
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Dokumenttyp: | Artikel |
Erscheinungsdatum: | 1997 |
Schlagwörter: | Human capital / Macroeconomic regimes / Netherlands / Research and development / Technology policy / Technology spillovers |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26832499 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://repub.eur.nl/pub/1949 |