Factors Associated with Economic Growth: An Investigation on the Government Spending in R&D.
This chapter aims to study the impact of R&D programs on economic growth. The long-run growth rate is fueled by R&D investment, and the government levies taxes on labor income and capital returns to finance this investment. The research investigates the interplay between R&D activity and...
Сохранить в:
| Главный автор: | |
|---|---|
| Формат: | Book part |
| Язык: | English |
| Опубликовано: |
World Scientific Publishing Co. Pte. Ltd.
2022
|
| Предметы: | |
| Online-ссылка: | http://scholar.dlu.edu.vn/handle/123456789/862 |
| Метки: |
Добавить метку
Нет меток, Требуется 1-ая метка записи!
|
| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
|---|
| Итог: | This chapter aims to study the impact of R&D programs on economic growth. The long-run growth rate is fueled by R&D investment, and the government levies taxes on labor income and capital returns to finance this investment. The research investigates the interplay between R&D activity and the effects of tax policies. In particular, this study shows that a rise in R&D investment enhances the efficiency of unskilled labor so that income inequality between unskilled and skilled workers can be reduced, consequently increasing economic growth. |
|---|