Assessing the economy-wide impacts of public R&amp;D support options based on a computable general equilibrium model: focusing on types of fiscal incentives and beneficiaries

Hwang, Won‐Sik; Hong, Chanyoung; Oh, Inha; Yeo, Yeongjun

doi:10.1080/00036846.2022.2033679

Cited by 4 publications

(1 citation statement)

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“…Direct government support for R&D is particularly appropriate for large-scale scientific projects (Bernanke, 2011) and for projects that are socially useful but not market-attractive (Alexy et al, 2016). Direct support seems to be better in spurring private R&D investments than providing indirect tax incentives (Hwang et al, 2022). On the other hand, direct support is associated with the risk of inefficient use of resources or moral hazard.…”

Section: Literature Reviewmentioning

confidence: 99%

Selected aspects of indirect R&D support in the Czech Republic

Brabec¹,

Černíková²,

Hyblerova³

2022

Journal of International Studies

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Sustainable economic development and current global challenges accentuate businesses’ innovative activities across the size spectrum. Developed countries are looking for ways to support the acceleration of R&D activities. A mix of direct and indirect instruments is used for this purpose. Indirect instruments are implemented in the corporate environment primarily through various tax incentives. A widespread form of tax incentives represents the possibility of reducing the tax base by expenses related to R&D activities. The article analyses the amount and structure of companies in the Czech Republic, which use the deduction for research and development. The research sample includes all companies that filled out their tax returns between 2009 and 2020. The established hypotheses are tested using the methods of descriptive statistics, the Chi-Square test of independence, and the analysis of variance. The research results confirm a statistically significant difference between the average number of companies using deduction for research and development if those companies are classified according to their size. In addition, it was revealed that the number of companies using deduction for research and development has gradually declined since 2015. Furthermore, it was found that the structure of companies using the deduction for research and development changes over time.

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Section: Literature Reviewmentioning

confidence: 99%