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来源类型Publication
A Computational Analysis of R&D Support Programs
Prof. Dan Peled; Dagoberto Garza; Yahel Giat; Steve Hackman
发表日期2013-02
出版年2013
语种英语
摘要Government R&D support programs are examined within a dynamic equilibrium model of imperfectly competitive industries in order to study the effectiveness of such programs and the extent to which their design matters.  We compare two common support schemes, R&D tax credit and direct R&D grants.   Adopting comprehensive welfare measures that take into account government, producer and consumer surpluses, we find that both schemes exhibit positive social returns. Mid-range R&D intensive sectors exhibit higher social returns than either high or low R&D intensive sectors. Both incentive schemes generate positive measures of R&D input additionality of magnitudes consistent with empirical R&D research.  However, R&D grants that require firms to allocate subsidy funds to R&D spur less R&D than a more flexible R&D tax credit.  Subsidy schemes can even induce competing firms to over-spend on R&D, generating negative producer surplus and possibly negative social returns.

URLhttps://www.neaman.org.il/EN/Computational-Analysis-RD-Support-Programs
来源智库Science and Technology Policy Institute (Republic of Korea)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/472206
推荐引用方式
GB/T 7714
Prof. Dan Peled,Dagoberto Garza,Yahel Giat,et al. A Computational Analysis of R&D Support Programs. 2013.
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