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Public R&D policies and cost behavior of the US manufacturing industries

Listed author(s):
  • Mamuneas, Theofanis P.
  • Ishaq Nadiri, M.

This paper estimates and evaluates the contributions of R&D tax incentives and publicly financed R&D investment policies in promoting growth of output and privately funded R&D investment in US manufacturing industries. Publicly financed R&D induces cost savings but crowds out privately-financed R&D investment while the incremental R&D tax credit and the immediate deductibility provision of R&D expenditures have a significant impact on privately financed R&D investment. The optimal mix of both instruments is an important element for sustaining a balanced growth in output and productivity in the manufacturing sector.

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File URL: http://www.sciencedirect.com/science/article/pii/S0047-2727(96)01588-5
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Article provided by Elsevier in its journal Journal of Public Economics.

Volume (Year): 63 (1996)
Issue (Month): 1 (December)
Pages: 57-81

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Handle: RePEc:eee:pubeco:v:63:y:1996:i:1:p:57-81
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505578

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