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

被引：206

作者：

Mamuneas, TP

Nadiri, MI

机构：

[1] NYU, DEPT ECON, NEW YORK, NY 10003 USA

[2] UNIV CYPRUS, DEPT ECON, NICOSIA, CYPRUS

[3] NBER, CAMBRIDGE, MA 02138 USA

来源：

JOURNAL OF PUBLIC ECONOMICS | 1996年 / 63卷 / 01期

关键词：

R&D expenditures; technological spillovers; productivity;

D O I：

10.1016/S0047-2727(96)01588-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper estimates and evaluates the contribution of R&D tax incentives and publicly financed R&D investment policies in promoting the 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 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.

引用

页码：57 / 81

页数：25