The Impact of Government Support on Firm R&D Investments: A Meta-Analysis

Abstract

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

An Investment Perspective on Global Value Chains

“…The literature shows a positive association between tax incentives and R&D intensity (Busom, Corchuelo, and Martínez-Ros 2012). Tax credits seem to have the most impact on larger firms without financing constraints, whereas direct grants are most effective at influencing small and medium enterprises and firms with no previous R&D experience (Correa, Andres, and Borja-Vega 2013;Correa and Guceri 2013). As for incentives related to workforce training, a mix of tax incentives and grants targeted to specific groups of enterprises or employees appears to be more appropriate than a single incentive for a large number of companies (Müller and Behringer 2012).…”

Public Support of Private R&D–Effects on Economic Sustainability

“…Moreover, most of the studies listed above use very similar counterfactual designs and are in fact not substantially different. What can truly be a source of great difference in the results is the heterogeneity in R&D policies among the states, as Correa et al [56] mention. As the R&D policies differ, their impact differs as well.…”

Do Tax Incentives for Innovation Work? Evaluation of Effectiveness in Russia and in the World

“…В другой метаработе на основе 34 публикаций (F. Castellacci, C. Mee Lie [14]) также было выявлено положительное влияние налоговых кредитов на проведение фирмами НИОКР, однако отмечалось, что наибольший положительный эффект на инновационную активность инвестиционные налоговые кредиты имеют в случае мелких предприятий, организаций, работающих в сфере предоставления услуг, и в странах с низким уровнем технологического развития. В исследовании P. Correa et al [15] на основании метаанализа 37 публикаций был выявлен существенный эффект прямой государственной поддержки, но при этом отмечалась неоднородность результатов по странам, отраслям и используемым методам оценки. А в работе C. Dimos, G. Pugh [16], посвященной анализу эффективности финансовой поддержки НИОКР, на основании изучения 52 публикаций авторы пришли к неожиданному выводу об отсутствии существенных положительных эффектов от государственного стимулирования НИОКР.…”