The effects of fiscal incentives and public subsidies on private R&D investment

被引:0
|
作者
Marra Dominguez, Angeles [1 ]
机构
[1] Univ Vigo, Vigo, Spain
关键词
R&D activities; fiscal incentives; public subsidies; SME;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes the effects of fiscal incentives and public R&D subsidies on the level of R&D investment. The econometric model of R&D investment is estimated using an unbalanced panel sample of Spanish manufacturing firms in the period 1991-1999. Our results provide evidence that fiscal incentives are effective in increasing R&D investment, especially in SME, while R&D subsidies have a small positive effect on company financed R&D expenditure, with no crowding out of private funds.
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页码:35 / 66
页数:32
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