R&D and economic growth in Slovenia: A dynamic general equilibrium approach with endogenous growth

Panoeconomicus

关键词: Endogenous growth;    General equilibrium modelling;    R&;    D;    Slovenia;   

DOI  :  10.2298/PAN1101067V

来源: DOAJ

【 摘 要 】

In the article, we model R&D as a major endogenous growth element in a smallopen economy general equilibrium framework and consider several R&D policyscenarios for Slovenia. Increase of the share of sectoral investment in R&Dthat is deductible from the corporate income tax and increase of governmentspending on R&D turned out to be the most effective suggested policymeasures. While the former policy measure is still followed in part by anundesired transfer of the tax relief to dividends, a moderate increase ofgovernment spending on R&D boosts long-run productivity in the economy, thusincreasing the future value of firms, which is reflected in a desireddividend increase. The households that would gain more utility from suchpolicy scenarios are those with more skilled and highly skilled labour, butnot the very top earners in the economy.

【 授权许可】

Unknown