Journal of Technology Innovation (기술혁신연구)
- Volume 14 Issue 1
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- Pages.101-118
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- 2006
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- 1598-1347(pISSN)
An Analysis of Relationship between R&D Policies and Firm R&D Expenditures: Focused on R&D Subsidies and Tax Incentives
R&D 지원제도와 기업 R&D 지출액간 관계 분석: 정부 R&D 보조금과 세제혜택을 중심으로
- Published : 2006.06.01
Abstract
The relationship between R&D Polices(R&D subsidy, tax incentives) and firm R&D expenditures is analyzed through firm's profit maximization function. As a result, the relationship between R&D policies and fmn R&D expenditures is determined by the relationship between firm R&D expenditures and market price. In case of major innovation which cause the fall of market price, the elasticity R&D subsidy and firm R&D expenditures is negative(substitution). In case of minor innovation which cause the rise of market price, the elasticity R&D subsidy and firm R&D expenditures is positive(complement). Tax incentives is bring about the increase of firm R&D expenditures. R&D subsidy and tax incentives are substitutively influenced at firm R&D expenditures.