Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

Fiscal Policy, R&D and Innovation

Martin, Maria LU (2021) NEKP01 20211
Department of Economics
Abstract
Innovation, made possible through Research and Development (R&D) is a major driving force of economic growth. Due to its quasi-public good nature investments in R&D is usually below the social optimum. Governments use different policy instruments to correct this market failure. In this paper, the Westmore, 2014 paper is reexamined for the role of two fiscal policy instruments, Tax Incentives and Direct Funding, in stimulating private
investments in R&D. The analysis is extended for 27 OECD countries in the time period
2000-2017 using Dynamic Fixed Effects Model. Further, the role of income inequality in
the private investment in R&D is explored.
Please use this url to cite or link to this publication:
author
Martin, Maria LU
supervisor
organization
course
NEKP01 20211
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Innovation, R&D, Tax Incentives and Direct Funding, Dynamic Fixed Effects, Macroeconomic Panel Data, Income Inequality.
language
English
id
9043850
date added to LUP
2021-07-05 13:22:37
date last changed
2021-07-05 13:22:37
@misc{9043850,
  abstract     = {{Innovation, made possible through Research and Development (R&D) is a major driving force of economic growth. Due to its quasi-public good nature investments in R&D is usually below the social optimum. Governments use different policy instruments to correct this market failure. In this paper, the Westmore, 2014 paper is reexamined for the role of two fiscal policy instruments, Tax Incentives and Direct Funding, in stimulating private
investments in R&D. The analysis is extended for 27 OECD countries in the time period
2000-2017 using Dynamic Fixed Effects Model. Further, the role of income inequality in
the private investment in R&D is explored.}},
  author       = {{Martin, Maria}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Fiscal Policy, R&D and Innovation}},
  year         = {{2021}},
}