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Evaluation of Public R&D Policy: A Meta-Regression Analysis

Listed author(s):
  • SYOUM NEGASSI

    ()

    (University Paris 1 Pantheon Sorbonne and Visiting Professor Department of Economics,University of Delaware)

  • JEAN-FRANCOIS SATTIN

    ()

    (University Paris 1 Pantheon Sorbonne)

Registered author(s):

    Economic theory and empirical evidence indicate that technological innovation is an important determinant of long-term economic development. Various country policies have been launched in favour of private research and development (R&D) with economic development as the main objective. As often in economics, public intervention is grounded on the presumed existence of market failures. The purpose of this paper is two-fold. First, it provides an overview of the history of R&D-related tax policies in more than ten industrial countries. Second, after reviewing the existent empirical evidence on the effectiveness of R&D tax credits policies, it presents a meta-regression analysis based on an econometric model. Our results show that an R&D tax credit is strongly significant in the studies taken cumulatively.

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    File URL: http://www.lerner.udel.edu/sites/default/files/ECON/PDFs/RePEc/dlw/WorkingPapers/2014/UDWP2014-09.pdf
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    Paper provided by University of Delaware, Department of Economics in its series Working Papers with number 14-09.

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    Length: 34 pages
    Date of creation: 2014
    Handle: RePEc:dlw:wpaper:14-09.
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    Web page: http://lerner.udel.edu/departments/economics/department-economics/

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