Product Demand, Cost of Production, Spillovers and the Social Rate of Return to R & D PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Product Demand, Cost of Production, Spillovers and the Social Rate of Return to R & D PDF full book. Access full book title Product Demand, Cost of Production, Spillovers and the Social Rate of Return to R & D by Jeffrey Ian Bernstein. Download full books in PDF and EPUB format.

Product Demand, Cost of Production, Spillovers and the Social Rate of Return to R & D

Product Demand, Cost of Production, Spillovers and the Social Rate of Return to R & D PDF Author: Jeffrey Ian Bernstein
Publisher:
ISBN:
Category : Externalities (Economics)
Languages : en
Pages : 64

Get Book Here

Book Description
The purpose of this paper is to develop and estimate a model of production with endogenous technological change. Technological change arises from R&D capital accumulation decisions. These decisions respond to market and government incentives and generate R&D capital spillovers. A spillover network of senders and receivers is estimated. The network shows that each receiving industry is affected by a distinct set of R&D sources and each sending industry affects a unique set of receivers. For the receivers, spillovers generally expand product markets, lower product prices, increase production costs and input demands. For the sources, significant R&D spillovers cause the social rates of return to R&D capital to be substantially above the private returns.