Research institutes and R&amp;D subsidies: Taiwan's national innovation system and policy experiences

Liu, Meng Chun; Wen, Fang I.

doi:10.1504/ijte.2011.043723

Cited by 6 publications

(7 citation statements)

References 15 publications

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“…Of the two countries, only Taiwan conducted a formal study on the impact of its tax incentives. Tax credits for encouraging R&D, training, and green energy induced further R&D investment, with significant positive net effects on tax revenue (Liu and Wen 2011). In the case of Thailand, though one cannot claim direct causation, the results of community innovation surveys illustrate that innovating firms take advantage of R&D tax incentives more frequently than non-innovating firms.…”

Section: Tax Incentivesmentioning

confidence: 99%

“…Results of the LPD program were quite impressive: $1 TWD of grant induced an additional investment of approximately $10 TWD for R&D, $21 TWD investment for production, and $42 TWD for sales. On average, one project generated 3.7 patents and 2.9 derivative products (Liu and Wen 2011).…”

Section: Grantsmentioning

confidence: 99%

“…A more generic grant scheme, the Industrial Technology Development Program (ITDP), was initiated in 1999 to fund both the preliminary study and R&D phases of firms aiming to develop forward-looking industrial technologies. $1 of grant induced $2.46 and $4.89 of R&D and capital investment respectively (Liu and Wen 2011). In the 2000s, grants were given specifically to strategic technologies and industries such as conventional technology development, commercialization of biotechnology, and the knowledge-based service industry.…”

Section: Grantsmentioning

confidence: 99%

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Emerging States at Crossroads

Tsunekawa¹,

Todo²

2019

Emerging-Economy State and International Policy Studies

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translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Regarding these commercial rights a non-exclusive license has been granted to the publisher. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.

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Section: Tax Incentivesmentioning

confidence: 99%

Section: Grantsmentioning

confidence: 99%

Section: Grantsmentioning

confidence: 99%

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Emerging States at Crossroads

Tsunekawa¹,

Todo²

2019

Emerging-Economy State and International Policy Studies

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“…Etzkowitz [51] claimed that government R&D subsidies are an important policy instrument to remove the boundary between universities and firms. Empirically, Liu and Wen [52] studied firms that participated in the Taiwanese government subsidy program and proved that government subsidies had vitalized technology transfer from research organizations and R&D alliances. Greco, Grimaldi, and Cricelli [53] in their study of 43,230 European firms demonstrated that public R&D subsidies increased cooperation with external organizations, which is open innovation, at local, national, and European level.…”

Section: Behavior Additionality: Strategic Alliance and External Finamentioning

confidence: 99%

Government R&D Subsidy and Additionality of Biotechnology Firms: The Case of the South Korean Biotechnology Industry

et al. 2019

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Government research and development (R&D) subsidies are more important in countries that are latecomers to the biotechnology industry, where venture capital has not been developed, and the ratio of start-ups is high. Previous studies have mostly focused on the additionality of the input and output through government R&D subsidies, such as private R&D investment, technological innovation, and financial performance. In addition, some studies have focused on the behavioral additionality (the change in a firm’s behavior) of firms through government R&D subsidies. However, each study is fragmented and does not provide integrated results and implications. Therefore, this study comprehensively investigated the effects of government R&D subsidies on the multifaceted aspects of input, output, and behavioral additionality based on data from South Korean biotechnology companies. This study used the propensity score matching (PSM) method to prevent selection bias. The results showed that firms benefiting from government R&D subsidies had a markedly higher R&D investment in terms of input additionality, and they produced more technological innovation within a shorter period in terms of output additionality, though financial performance was not determined. Moreover, government R&D subsidies have accelerated strategic alliances and suppressed external financing (debt financing) in terms of behavioral additionality.

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“…By listing in the MAI, firms gain prestige, which is quite helpful in terms of mar- Source Constructed by authors tiums). However, the status of MOEA has been weaker since the abolition of martial law in the late 1980s and as a result of recently rising public financial deficit problems (Liu and Wen 2011). The situation is very different in Thailand, where the Ministry of Science and Technology had not been considered as an 'economic' ministry until the present government took power in 2014.…”

Section: Capital Market Fundingmentioning

confidence: 99%

Industrial Technology Upgrading and Innovation Policies: A Comparison of Taiwan and Thailand

Intarakumnerd

Liu

2018

Emerging-Economy State and International Policy Studies

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The question of why some developing countries succeed in catching up technologically with developed countries while others fail to do so has attracted considerable interest among academics and policy makers. Since the notion of 'middle-income trap' emerged in the mid-2000s, the question has grown even more popular. This paper aims to contribute to knowledge of this issue by examining the cases of two East Asian countries, Taiwan and Thailand. Taiwan is now a high-income economy with GDP per capita of $22,000 in 2015, while Thailand has been trapped at middleincome country status, with GDP per capita of $5,400 in the same year. The two countries are selected here because although they differ in economic performance, their economic and political backgrounds are rather similar. Both started serious industrialization in the 1950s, and both faced serious security threats from communist regimes during the Cold War. Taiwan had major conflicts with Mainland China and Thailand was a front-line country in the fight against communism in Southeast Asia. Both countries are mid-sized in terms of population (sixty-five million and twenty-three million in Thailand and Taiwan, respectively). Both have sizable, quite successful agriculture sectors. Importantly, both countries joined global production networks of transnational corporations (TNCs), especially Japanese firms, after the Plaza Accord in 1980s. While recognizing the significance of other economic, political and social factors of catching-up, such as human resources, macroeconomic management, and various types of policy, this paper focuses primarily on the comparison of policy on technology, innovation, and industrial upgrading. Another main focus is the manufacturing sector, where technological upgrading and innovation are critical. The structure of the paper is as follows. We will provide an overview of the evolution

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Research institutes and R&D subsidies: Taiwan's national innovation system and policy experiences

Cited by 6 publications

References 15 publications

Emerging States at Crossroads

Emerging States at Crossroads

Government R&D Subsidy and Additionality of Biotechnology Firms: The Case of the South Korean Biotechnology Industry

Industrial Technology Upgrading and Innovation Policies: A Comparison of Taiwan and Thailand

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