OxTalks is Changing
OxTalks will soon be transitioning to Oxford Events (full details are available on the Staff Gateway). A two-week publishing freeze is expected in early Hilary to allow all events to be migrated to the new platform. During this period, you will not be able to submit or edit events on OxTalks. The exact freeze dates will be confirmed as soon as possible.
If you have any questions, please contact halo@digital.ox.ac.uk
Efficient Industrial Policy for Innovation: Standing on the Shoulders of Hidden Giants
Efficient R&D subsidies target the technology fields where innovation generates valu-
able knowledge spillovers. To quantify potential efficiency gains, we infer field-specific
subsidy return rates from patent data by combining new measures for innovations’
private and spillover values with structural estimates of the idea value distribution
and innovation costs. Within-country returns from optimally targeted subsidies are
at least 40% higher than returns from non-discriminating policies. Coordinating
field-specific subsidies across OECD countries yields a further 30% higher returns.
Hence, solving information and coordination problems related to industrial policy for
innovation could lead to large welfare gains.
Date:
13 February 2023, 16:05
Venue:
Manor Road Building, Manor Road OX1 3UQ
Venue Details:
Lecture theatre or https://zoom.us/j/92415955348?pwd=ME5ybjVBVk90aThHdkcwVnZiUWF4Zz09
Speaker:
Ralf Martin (Imperial College London)
Organising department:
Department of Economics
Part of:
Environment and Resource Economics Seminar
Booking required?:
Not required
Audience:
Members of the University only
Editor:
Emma Heritage
