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Public R&D Policies and Cost Behavior of the US Manufacturing Industries / Theofanis P. Mamuneas, M. Ishaq Nadiri.
- Format:
- Book
- Author/Creator:
- Mamuneas, Theofanis P.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5059.
- NBER working paper series no. w5059
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1995.
- Summary:
- This paper estimates and evaluates the contributions of R&D tax incentives and publicly financed R&D investment policies in promoting growth of output and privately funded R&D investment in US manufacturing industries. Publicly financed R&D induces cost savings but crowds out privately-financed R&D investment while the incremental R&D tax credit and the immediate deductibility provision of R&D expenditures have a significant impact on privately financed R&D investment. The optimal mix of both instruments is an important element for sustaining a balanced growth in output and productivity in the manufacturing sector.
- Notes:
- Print version record
- March 1995.
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