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Munich Personal RePEc Archive

Public Investment, Taxation and

Transfer of Technology

Kollias, Iraklis and Marjit, Sugata and Michelacakis, Nickolas

April 2017

Online at

https://mpra.ub.uni-muenchen.de/78853/

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0

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+

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0

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i G

A Z − #

0 t

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[14]

G

t" t

0

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i G A Z

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# # , "

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) =* " "

β

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( 5" B A Z P w( ; , , )

τ

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A

Z

P

# #

w

#

τ

+ + " "

2

1

1

( ; , , ) :

2

Z

( )

P

A Z P w

dz

w

a z

τ

τ

=

+

( "

τ

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τ

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## @ "

+ +

# . "

w

#

P

" # # # + #

+ + + " ( Z0

#

w

+ + + "

+ +

w

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A

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& ' " " # + # (G G1, 2)

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[15]

&

π

( )z A Z P w( ; , , )

τ

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+ 1

( ; , , )

A Z P w

τ

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+ " A Z P w( ; , , )

τ

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t" % ) * Zt

, @ # " G∈(G G1, 2) t + #

" t # # # 5"2

; + # "

# 5"2 # , +

, # +

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[16] ##

" (

G

#

+

0

( ) :

( ) b

i G G t

A Z = " #

0

z>Z tb

G

0

2

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2

tb

( )

Z

b b

Z

P

dz

H t

t

w

a z

τ

=

+

4 + #

G

(G G1, 2) #

+ t # G2" +

" # + #

& ' " ) + (G G1, 2)

"

& %

G

t Gb( )"

+ Ztb( )G #

G

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ε

i G( )

( )

i G " &

ε

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G

+ +

# i G( ) # ( )

1 b( )

i G t G

− .

G

"

+ ) *

G

+ "

( ) 1

i G

ε

> − + #

( ) 1 b( )

i G t G

− " /

( ) 0

'( )

1 0 ( )

( )

i G

i G A Z

i G

ε

+ > > −
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[17]

[

]

0

1

'( ) '( ) ( )

( )

i G i G G i G A Z

> − +

# #

( ) 1 b( )

i G t G

G

" # # "

# # + # # + + +

, " - + #

+ "

, + + + . #

" /## + # #

+ +

# + , # "

+ # #

# , # "

# + # #

+ +" % . +

" (

" 7 4" 0 " G " )28 ;*" (0 7 @ $ @ F

A " *" 518.51<"

2" 7 !" %" ) <> *" . " ) * .

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[18]

5" ( '" ) <=>* " ' + F

# " + ) * . ;"

1" ( '" ) <=>* " # "

,*)2* 2=9.2=<"

9" 4 ! !" '" ) <<9*" 'G0 "

)##" 229.292*" $ & " ;" 4+ 4" " G &" 4" )28 ;*" @

'G0" #+851"

=" " G " ) <<5*" # F %

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>" " G " )2885*" # F .

" )-) * 5. 21"

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2" " )28 1*" % "" .*," #

5" %" G A" )288;*" "

./)=* ;<<. =8="

1" " )2882*" F % "

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[19]

9" " G " )A "*" )2885*" ' ( # /

$ $ %"

;" $ & %0 )2889* ( ) * + , # #-.# # #/0 $

# + H D "

=" $ & %0 )28 8*1 ( ' ( & #$

# + H D "

>" ? '" ) <;;*" # "

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