Firm Size and Public Policies for Business R&D Expenditures in OECD Countries

다국어 초록 (Multilingual Abstract)

To foster business R&D expenditures, OECD countries have used either R&D tax incentives or R&D subsidies, or both. Because of a limited fiscal budget to implement policies, an important question for policy makers is which policy is effective to stimulate business R&D. The empirical findings in this paper show that the effects of the two policy instruments are different according to firm size. Specifically, R&D subsidies affect positively and significantly the business R&D expenditure in the group of firms with less 49 employees, whereas R&D tax incentives significantly and positively affect those firms that have more than 250 employees.

참고문헌 (Reference)

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