The effects of state R&D tax credits in stimulating private R&D expenditure: A cross‐state empirical analysis | Zendy

Wu Yonghong | Zendy

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The effects of state R&D tax credits in stimulating private R&D expenditure: A cross‐state empirical analysis

Author(s) -

Wu Yonghong

Publication year - 2005

Publication title -

journal of policy analysis and management

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 2.898

H-Index - 84

eISSN - 1520-6688

pISSN - 0276-8739

DOI - 10.1002/pam.20138

Subject(s) - subsidy , state (computer science) , economics , public economics , empirical research , tax credit , business , philosophy , epistemology , algorithm , computer science , market economy

This is a cross‐state empirical study which examines the effects of state research and development (R&D) tax credits on private R&D expenditure in the states. Other explanatory variables include federal R&D subsidies, public services in higher education and R&D‐targeted programs as well as other control variables. The statistical result shows that the establishment of state R&D credit programs is effective in stimulating more industrial R&D expenditure. In addition, state services in higher education and R&D‐targeted programs also matter in private decision of R&D investment. This policy assessment sends a positive message to state policymakers because it shows the great potential in using R&D policy instruments to promote innovation‐based economic development. © 2005 by the Association for Public Policy Analysis and Management

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