Is private R and D spending sensitive to its price? Empirical evidence on panel data for Italy

被引：12

作者：

Maria Laura Parisi

Alessandro Sembenelli

机构：

[1] University of Padova, Padova

[2] University of Torino, Torino

来源：

Empirica | 2003年 / 30卷 / 4期

关键词：

Panel data; R and D user cost; Tobit model;

D O I：

10.1023/B:EMPI.0000005241.35057.4b

中图分类号：

学科分类号：

摘要：

In this paper empirical evidence is presented on the elasticity of private R and D spending on its price. A censored panel-data regression model with random effects is applied to a balanced panel of 726 Italian firms over the 1992-1997 period. Implied estimates point out that Italian firms' response to policy measures (including tax credits), aimed at reducing the user cost of R and D capital, is likely to be substantial (1.50-1.77). Furthermore, we also find that the elasticity of R and D spending is higher in recession (2.01) than in expansion (0.87).

引用

页码：357 / 377

页数：20

共 25 条

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