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The impact of public R&D policy on business-funded R&D (case of OECD countries)

Author

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  • Balashova, Svetlana

    () (Peoples’ Friendship University of Russia, Moscow)

Abstract

The main policy tools used by government to stimulate private R&D are public (government and university) research, government funding of business-performed R&D and fiscal incentives. The aim of the paper is to assess the effect of government spending through these channels on business-funded and business-performed R&D for OECD countries over the period 1981–2012.

Suggested Citation

  • Balashova, Svetlana, 2015. "The impact of public R&D policy on business-funded R&D (case of OECD countries)," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 38(2), pages 64-82.
    • Handle: RePEc:ris:apltrx:0266
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    File URL: http://pe.cemi.rssi.ru/pe_2015_2_64-82.pdf
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    References listed on IDEAS

    as
    1. David, Paul A. & Hall, Bronwyn H. & Toole, Andrew A., 2000. "Is public R&D a complement or substitute for private R&D? A review of the econometric evidence," Research Policy, Elsevier, vol. 29(4-5), pages 497-529, April.
    2. Florence Jaumotte & Nigel Pain, 2005. "An Overview of Public Policies to Support Innovation," OECD Economics Department Working Papers 456, OECD Publishing.
    3. Goolsbee, Austan, 1998. "Does Government R&D Policy Mainly Benefit Scientists and Engineers?," American Economic Review, American Economic Association, vol. 88(2), pages 298-302, May.
    4. Ben Westmore, 2013. "R&D, Patenting and Growth: The Role of Public Policy," OECD Economics Department Working Papers 1047, OECD Publishing.
    5. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
    6. Conte, Andrea & Schweizer, Philip & Dierx, Adriaan & Ilzkovitz, Fabienne, 2009. "An analysis of the efficiency of public spending and national policies in the area of R&D," MPRA Paper 23549, University Library of Munich, Germany.
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    More about this item

    Keywords

    R&D expenditures; government-funded R&D; tax incentives; fixed effect model; partial adjustment model.;

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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