Public R&D Policies and Cost Behavior of the US Manufacturing Industries

Theofanis P. Mamuneas () and M. Ishaq Nadiri

No 5059, NBER Working Papers from National Bureau of Economic Research, Inc

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

JEL-codes: H25 (search for similar items in EconPapers)
Date: Written
Note: EFG PR
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Related works:
Working Paper: Public R&D Policies and Cost Behavior of the U.S. Manufacturing Industries (1993)
Journal Article: Public R&D policies and cost behavior of the US manufacturing industries (1996)
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