Should the government subsidize innovation or automation?
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DOI: 10.1017/s1365100522000098
Abstract: This study introduces automation into a Schumpeterian growth model to explore the effects of R&D and automation subsidies. R&D subsidy increases innovation and growth but decreases the share of automated industries and the degree of… read more here.
Keywords: innovation automation; skill workers; subsidize innovation; automation ... See more keywords