Arbeitspapier

Welfare effects of R&D support policies

to related objects

We conduct a welfare analysis of R&D subsidies and tax credits using a model of innovation policy in corporating externalities, limited R&D participation and finanial market imperfetions. We estimate the model using R&D projet level data from Finland. The optimal R&D tax credit rate (0.24) is lower than the average R&D subsidy rate (0.36). The intensive, not the extensive margin of R&D is important for poliy. Tax credits and subsidies inrease R&D investments and spillovers compared to laissez-faire but to levels below the first best. R&D support policies don't improve welfare.

ISBN: 978-952-323-189-4

Language: Englisch

Bibliographic citation: Series: Bank of Finland Research Discussion Papers ; No. 30/2017

Classification: Wirtschaft
Technological Change: Government Policy
Innovation and Invention: Processes and Incentives
Enterprise Policy
Multiple or Simultaneous Equation Models: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models

Event: Geistige Schöpfung

(who): Takalo, Tuomas
Tanayama, Tanja
Toivanen, Otto

Event: Veröffentlichung

(who): Bank of Finland

(where): Helsinki

(when): 2017

Handle: http://hdl.handle.net/10419/212401

Last update: 10.03.2025, 11:42 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Show original at data provider

Object type

Arbeitspapier

Associated

Takalo, Tuomas
Tanayama, Tanja
Toivanen, Otto
Bank of Finland

Time of origin

2017

Other Objects (12)

Welfare effects of R&D support policies

Arbeitspapier

Welfare effects of R&D support policies

Rationales and instruments for public innovation policies

Arbeitspapier

Rationales and instruments for public innovation policies

Welfare and bond pricing implications of fiscal stabilization policies

Arbeitspapier

Welfare and bond pricing implications of fiscal stabilization policies

The interaction of monetary and macroprudential policies in economic stabilisation

Arbeitspapier

The interaction of monetary and macroprudential policies in economic stabilisation

Monetary policies to counter the zero interest rate: an overview of research

Arbeitspapier

Monetary policies to counter the zero interest rate: an overview of research

Fiscal policy in the 1920s and 1930s: How much different it is from the post war period's policies?

Arbeitspapier

Fiscal policy in the 1920s and 1930s: How much different it is from the post war period's policies?

Money, e-money and consumer welfare

Arbeitspapier

Money, e-money and consumer welfare

Precision of public information disclosures, banks' stability and welfare

Arbeitspapier

Precision of public information disclosures, banks' stability and welfare

Welfare cost of business cycles in economies with individual consumption risk

Arbeitspapier

Welfare cost of business cycles in economies with individual consumption risk

Market failures and the additionality effects of public support to private R&D: Theory and empirical implications

Arbeitspapier

Market failures and the additionality effects of public support to private R&D: Theory and empirical implications

When do R&D subsidies boost innovation? Revisiting the inverted U-shape

Arbeitspapier

When do R&D subsidies boost innovation? Revisiting the inverted U-shape

Public infrastructures, public consumption and welfare in a new open economy macro model

Arbeitspapier

Public infrastructures, public consumption and welfare in a new open economy macro model

Welfare effects of R&D support policies

Arbeitspapier

Welfare effects of R&D support policies

Rationales and instruments for public innovation policies

Arbeitspapier

Rationales and instruments for public innovation policies

Welfare and bond pricing implications of fiscal stabilization policies

Arbeitspapier

Welfare and bond pricing implications of fiscal stabilization policies

The interaction of monetary and macroprudential policies in economic stabilisation

Arbeitspapier

The interaction of monetary and macroprudential policies in economic stabilisation

Monetary policies to counter the zero interest rate: an overview of research

Arbeitspapier

Monetary policies to counter the zero interest rate: an overview of research

Fiscal policy in the 1920s and 1930s: How much different it is from the post war period's policies?

Arbeitspapier

Fiscal policy in the 1920s and 1930s: How much different it is from the post war period's policies?

Money, e-money and consumer welfare

Arbeitspapier

Money, e-money and consumer welfare

Precision of public information disclosures, banks' stability and welfare

Arbeitspapier

Precision of public information disclosures, banks' stability and welfare

Welfare cost of business cycles in economies with individual consumption risk

Arbeitspapier

Welfare cost of business cycles in economies with individual consumption risk

Market failures and the additionality effects of public support to private R&D: Theory and empirical implications

Arbeitspapier

Market failures and the additionality effects of public support to private R&D: Theory and empirical implications

When do R&D subsidies boost innovation? Revisiting the inverted U-shape

Arbeitspapier

When do R&D subsidies boost innovation? Revisiting the inverted U-shape

Public infrastructures, public consumption and welfare in a new open economy macro model

Arbeitspapier

Public infrastructures, public consumption and welfare in a new open economy macro model

Welfare effects of R&D support policies

Arbeitspapier

Welfare effects of R&D support policies

Rationales and instruments for public innovation policies

Arbeitspapier

Rationales and instruments for public innovation policies

Welfare and bond pricing implications of fiscal stabilization policies

Arbeitspapier

Welfare and bond pricing implications of fiscal stabilization policies

The interaction of monetary and macroprudential policies in economic stabilisation

Arbeitspapier

The interaction of monetary and macroprudential policies in economic stabilisation

Monetary policies to counter the zero interest rate: an overview of research

Arbeitspapier

Monetary policies to counter the zero interest rate: an overview of research

Fiscal policy in the 1920s and 1930s: How much different it is from the post war period's policies?

Arbeitspapier

Fiscal policy in the 1920s and 1930s: How much different it is from the post war period's policies?

Money, e-money and consumer welfare

Arbeitspapier

Money, e-money and consumer welfare

Precision of public information disclosures, banks' stability and welfare

Arbeitspapier

Precision of public information disclosures, banks' stability and welfare

Welfare cost of business cycles in economies with individual consumption risk

Arbeitspapier

Welfare cost of business cycles in economies with individual consumption risk

Market failures and the additionality effects of public support to private R&D: Theory and empirical implications

Arbeitspapier

Market failures and the additionality effects of public support to private R&D: Theory and empirical implications

When do R&D subsidies boost innovation? Revisiting the inverted U-shape

Arbeitspapier

When do R&D subsidies boost innovation? Revisiting the inverted U-shape

Public infrastructures, public consumption and welfare in a new open economy macro model

Arbeitspapier

Public infrastructures, public consumption and welfare in a new open economy macro model

Cultural heritage institutions wishing to register will find more information here.

Fields marked * need to be filled in.

Username*

Please enter your username

Email*

Please enter your email address

Please do not fill this field

First name

Last name

Password*

Please enter your password

Confirm password*

Please enter the same password

I have read the terms of use and the privacy policy for the collection of personal data and accept them. *

This field is required.

I would like to subscribe to the newsletter of the Deutsche Digitale Bibliothek. See newsletter subscription info.

Account created

Your "My DDB" account has been successfully created. Before you can log in to your account, you must click the confirmation link in the message we just sent to the email address you provided.