财政政策对企业研发投资重要吗?中欧和东欧的专家组数据证据

IF 1.6 Q3 BUSINESS Central European Business Review Pub Date : 2022-01-18 DOI:10.18267/j.cebr.297
G. Shakhmuradyan
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引用次数: 1

摘要

本文考察了财政政策对企业研发投资的影响。建立了面板回归模型——总税收和贡献率、政府研发拨款和支出以及研发税收补贴率的自变量——用一组控制变量检验企业研发投资的跨国差异。后者最值得注意的包括全职研究人员的数量、高等教育程度、知识产权保护、治理、长期利率和贸易开放。该小组在十年(2010-2019年)内涵盖了中欧和东欧的十一个国家。研究结果表明,财政政策不影响BERD,而贸易开放、高等教育程度和全职研究员就业具有显著的积极影响。这些发现与早期关于财政政策在刺激商业投资方面的有效性的一些研究一致,这些研究呼吁更多地分配公共和私人资金用于研发专业发展和培训项目。对中欧受众的影响:本文使用了11个中欧和东欧国家的最新数据。因此,调查结果直接适用于这些国家。由于该论文对面板数据使用了随机效应广义最小二乘估计,因此研究结果可以推广到其他国家。
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Does Fiscal Policy Matter for Business R&D Investment? Panel Data Evidence from Central and Eastern Europe
This paper examines the impact of fiscal policy on business investment in research and development (R&D). Panel regression models – with independent variables for the total tax and contribution rate, government appropriations and outlays for R&D, and the R&D tax subsidy rate – are set up to examine cross-country differences in business investment in R&D, with a set of control variables. The latter include, most notably, the number of full-time researchers, tertiary education attainment, the protection of intellectual property rights, governance, the long-term interest rate, and trade openness. The panel encompasses eleven countries of Central and Eastern Europe over ten years (2010–2019). The findings suggest that fiscal policy does not affect BERD, while trade openness, tertiary education attainment, and full-time researcher employment have a significant positive impact. These findings are consistent with some of the earlier studies on the effectiveness of fiscal policy in stimulating business investment, calling for greater allocation of public and private funds for R&D professional development and training programs. Implications for Central European audience: This paper used recent data for eleven Central and Eastern European countries. Therefore, the findings are directly applicable to these countries. As the paper used random-effects generalised least squares estimation for panel data, the findings can be generalised to other countries.
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来源期刊
Central European Business Review
Central European Business Review Business, Management and Accounting-Business and International Management
CiteScore
3.10
自引率
7.70%
发文量
27
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