The impacts of public policies on private R&D investment in Taiwan's national science parks
by Shu-Chin Huang; Jen-Jen Lin
International Journal of Technology, Policy and Management (IJTPM), Vol. 14, No. 1, 2014

Abstract: As more and more companies engage in overseas investment, there is a need for reviewing current policies to promote domestic R&D investment. This paper investigates the impacts of government policies, demand, R&D entrepreneurship, internal Scientific and Technological (S&T) knowledge, local environment and financial opportunities on private firms' R&D investment decisions. Using Taiwan's national science parks for the study, we find that demand incentives and R&D entrepreneurship are the most decisive factors, while firms' internal S&T knowledge, local research infrastructure, financial opportunities from stock markets and R&D tax credits are also influential factors in determining R&D investment. Different from previous studies focusing on R&D grants and subsidies, this research finds that the two measures are relevant but their effects are less important than the other factors stated above. The policy implication is that a modification of current technology policies is needed to incorporate the important determinants into policy designs to promote domestic R&D investment.

Online publication date: Mon, 27-Oct-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Technology, Policy and Management (IJTPM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com