Enhancing Private Sector R&D Investment in OECD Countries: The Role of Government Funding
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F25%3A106462" target="_blank" >RIV/60460709:41110/25:106462 - isvavai.cz</a>
Result on the web
<a href="https://hrcak.srce.hr/en/343927" target="_blank" >https://hrcak.srce.hr/en/343927</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.15179/ces.27.2.1" target="_blank" >10.15179/ces.27.2.1</a>
Alternative languages
Result language
angličtina
Original language name
Enhancing Private Sector R&D Investment in OECD Countries: The Role of Government Funding
Original language description
This study examines the effect of government funding on private-sector research and development (R&D) expenditure across 33 OECD countries from 2005 to 2019. Additionally, the analysis extends to subgroups of countries, including the EU-15, newly joined EU members, other European non-EU countries, and non-European OECD countries. To empirically assess this relationship, we employ both pooled ordinary least squares (OLS) regression and instrumental variable two-stage least squares (IV-2SLS) models. The findings indicate that government support fosters a complementary relationship with private-sector R&D expenditure, rather than a crowding-out effect. This suggests that both direct government funding and R&D tax incentives play a crucial role in boosting private-sector R&D investment, with the effects varying across different economic and institutional contexts. By offering a comprehensive cross-country perspective, this research highlights the differential effectiveness of R&D support mechanisms in OECD countries and contributes to a deeper understanding of how government funding can enhance private-sector R&D investment.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Croatian Economic Survey
ISSN
1330-4860
e-ISSN
1330-4860
Volume of the periodical
27
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
33
Pages from-to
5-37
UT code for WoS article
001682822800001
EID of the result in the Scopus database
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