Fiscal policy in the function of encouraging investment in research and development in selected countries in the region

Abstract

Investing in research and development is a trend in modern business conditions, because it is expected to improve economic growth and improve competitiveness. The purpose of this paper is to analyze the fiscal policy in the surrounding countries, which invest in research and development more than Serbia does. In that way, it can be seen whether some of the analyzed measures could be applied in Serbia as well. The analysis showed that Hungary has the most extensive network of tax incentives for research and development, which records the largest investments in research and development.