81 research outputs found
Government policy failure in public support for research and development
peer-reviewedPromoting Research and Development (R&D) and innovative activity is a key element of the EU Lisbon Agenda and is seen as playing a central part in stimulating economic development. In this paper we argue that, even allowing for benevolent policy-makers, informational asymmetries can lead to a misallocation of public support for R&D, hence government policy failure, with the potential to exacerbate preexisting market failures. Initially, we explore alternative allocation mechanisms for public support, which can help to minimize the scale of these government policy failures. Of these mechanisms (grants, tax credits, or allocation rules based on past performance), our results suggest that none is universally most efficient. Rather, the effectiveness of each allocation rule depends on the severity of financial constraints and on the level of innovative capabilities of the firms themselves.ACCEPTEDpeer-reviewe
Can Trade with the People’s Republic of China be an Engine of Growth for Developing Asia?
International production networks and changing trade patterns in East Asia: The case of the electronics industry
Diffusing the Cloud: Cloud Computing and Implications for Public Policy
cloud computing, IT services, information technology, political economy, L63, L86, L96,
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