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Why Taxpayer Support for R&D?
Author(s) -
Palda Kristian
Publication year - 1984
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1984.tb01648.x
Subject(s) - taxpayer , argument (complex analysis) , government (linguistics) , state (computer science) , intervention (counseling) , public support , economic interventionism , public economics , law and economics , business , public administration , economics , political science , law , chemistry , computer science , psychology , biochemistry , linguistics , philosophy , algorithm , psychiatry , politics
Taxpayers of OECD countries are made to support research and development by government and industry. Is R&D a public good that justifies taxpayer support because of its external benefits to society as a whole? Professor Palda of Canada contests yet another argument for state intervention io subsidise high technology.