Evaluation of Public R&D Policy: A Meta-Regression Analysis

Syoum Negassi () and Jean-Francois Sattin ()
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Syoum Negassi: University Paris 1 Pantheon Sorbonne and Visiting Professor Department of Economics,University of Delaware
Jean-Francois Sattin: University Paris 1 Pantheon Sorbonne

No 14-09, Working Papers from University of Delaware, Department of Economics

Abstract: Economic theory and empirical evidence indicate that technological innovation is an important determinant of long-term economic development. Various country policies have been launched in favour of private research and development (R&D) with economic development as the main objective. As often in economics, public intervention is grounded on the presumed existence of market failures. The purpose of this paper is two-fold. First, it provides an overview of the history of R&D-related tax policies in more than ten industrial countries. Second, after reviewing the existent empirical evidence on the effectiveness of R&D tax credits policies, it presents a meta-regression analysis based on an econometric model. Our results show that an R&D tax credit is strongly significant in the studies taken cumulatively.

Keywords: R&D; Meta-analysis (search for similar items in EconPapers)
JEL-codes: C01 C12 H53 H54 O31 O32 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2014
New Economics Papers: this item is included in nep-cse, nep-ino and nep-pbe
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Citations: View citations in EconPapers (4)

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