The Dynamic Effects of Government-supported R&D Subsidies: An Empirical Study on the Taiwan Science Park

NCUIR > School of Management at National Central University > Graduate Institute of Industrial Economics > journal & Dissertation > Item 987654321/29566

Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/29566

Title:	The Dynamic Effects of Government-supported R&D Subsidies: An Empirical Study on the Taiwan Science Park
Authors:	Wang,KH;Liu,JL
Contributors:	產業經濟研究所
Keywords:	PANEL-DATA;INDUSTRY
Date:	2009
Issue Date:	2010-06-29 20:31:29 (UTC+8)
Publisher:	中央大學
Abstract:	This paper analyzed balanced firm-level panel data for the years 1991-1999 in order to examine the dynamic effects of government-supported R&D subsidies on privately invested R&D expenditures in the Hsinchu Science-based Industrial Park in Taiwan. The results indicate that publicly supported R&D subsidies will serve as substitutes for privately invested R&D expenditures. When the dynamic effect of these R&D subsidies is also taken into consideration, publicly supported ones will still give rise to a substitution effect with regard to privately invested R&D expenditures. However, the results will still have a lesser impact compared with those obtained using the panel data model.
Relation:	ASIAN JOURNAL OF TECHNOLOGY INNOVATION
Appears in Collections:	[Graduate Institute of Industrial Economics] journal & Dissertation

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