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

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