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

Yonghong Wu

Journal of Policy Analysis and Management, 2005, vol. 24, issue 4, 785-802

Abstract: 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

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jpamgt:v:24:y:2005:i:4:p:785-802

DOI: 10.1002/pam.20138

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