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Títol: The Dynamic Effects of Government-supported R&D Subsidies: An Empirical Study on the Taiwan Science Park
Autor: Wang KH (Wang Kuang-Hsien)1 Liu JL (Liu Jin-Long)2
Referència: ASIAN JOURNAL OF TECHNOLOGY INNOVATION
Volum:
Pàgines: 1-12
Any: 2009
Codi ISBN/ISSN: 1976-1597
Tipus de document: Article
Paraules clau: R&D subsidy; science park; substitution effect; dynamic panel data model; Taiwan
Idioma: Anglès
Resum: 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.
Adreça: Ming Chuan Univ, Dept Econ, Gui Shan Township 333, Taoyuan County Taiwan 2. Natl Cent Univ, Inst Ind Econ, Jhongli 32001, Taoyuan County Taiwan E-mail Addresses: kuanghsien@gmail.com