Incentives for industrial R&D: The Australian experience

Peter Hall

Science and Public Policy, 1996, vol. 23, issue 4, 215-228

Abstract: The effects of Australian measures to influence investment in industrial R&D (IRD) are anafysed. Australian experience tends to suggest that, while selective schemes have performed a little better than a tax concession alone, the advantage to selectivity would look less pronounced if general incentives were extended at an appropriate rate to firms in tax loss. Even with relatively low inducement rates, such incentives appear to have the advantage, from an evolutionary perspective, of encouraging large absolute quantities of extra experiment. Copyright , Beech Tree Publishing.

Date: 1996
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