Enhancing Private Sector R&D Investment in OECD Countries: The Role of Government Funding

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Enhancing Private Sector R&D Investment in OECD Countries: The Role of Government Funding

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Enhancing Private Sector R&D Investment in OECD Countries: The Role of Government Funding

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Croatian Economic Survey

ISSN

1330-4860

e-ISSN

1330-4860

Svazek periodika

27

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

33

Strana od-do

5-37

Kód UT WoS článku

001682822800001

EID výsledku v databázi Scopus

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