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Title: 內生化市場結構與補貼政策
Endogenous Market Structure and Subsidy Policy
Authors: 林鈺凱
Lin, Yu-Kai
Contributors: 賴景昌

Lai, Ching-Chong
Shaw, Ming-Fu

Lin, Yu-Kai
Keywords: 研發
Endogenous market structure
Subsidy policy
Date: 2018
Issue Date: 2018-08-10 10:49:30 (UTC+8)
Abstract: 本文建構了在內生化市場結構下的第二代R&D內生成長模型,並在此架構下探討四種不同補貼—最終財生產補貼、中間財生產補貼、內部研發補貼和進入補貼對經濟增長和內生市場結構的影響。
This thesis builds up a second-generation R&D-based growth model featuring endogenous market structure, and uses it to explore the growth effect of four distinct styles of subsidies. The four subsidies this thesis consider include final goods production subsidies, intermediate goods productions subsidies, in-house R&D subsides and entry subsidies. Several main findings emerge from the analysis. First, when the number of firms is fixed in the short run, final goods production subsidies, intermediate goods productions subsidies and in-house R&D subsides will stimulate the economic growth rate. However, entry subsidies are powerless to affect economic growth. Second, when market structure adjusts endogenously in the long run, final goods production subsidies and intermediate goods productions subsidies will increase the number of firms, and this tends to lower economic growth. The induced negative growth effect arisen from a rise in the number of firms just exactly offsets the positive growth effect in the short run, leaving the economic growth rate intact. Third, when market structure adjusts endogenously in the long run, in-house R&D subsidies increase economic growth but decrease the number of firms, whereas entry subsidies expand the number of firms but reduce economic growth. As the result, in-house R&D subsidies is a better policy instrument compared to other subsidies since it can stimulate economic growth in the long run.
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