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

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题名:	The Dynamic Effects of Government-supported R&D Subsidies: An Empirical Study on the Taiwan Science Park
作者:	Wang,KH;Liu,JL
贡献者:	產業經濟研究所
关键词:	PANEL-DATA;INDUSTRY
日期:	2009
上传时间:	2010-06-29 20:31:29 (UTC+8)
出版者:	中央大學
摘要:	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.
關聯:	ASIAN JOURNAL OF TECHNOLOGY INNOVATION
显示于类别:	[產業經濟研究所] 期刊論文

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