English, Article, Journal or magazine article edition: Is Private R&D Spending Sensitive to Its Price? Empirical Evidence on Panel Data for Italy Maria Laura Parisi; Alessandro Sembenelli

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Bookmark: http://trove.nla.gov.au/version/73460
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Is Private R&​D Spending Sensitive to Its Price? Empirical Evidence on Panel Data for Italy
Author
  • Maria Laura Parisi
  • Alessandro Sembenelli
Physical Description
  • preprint
Notes
  • In this paper empirical evidence is presented on the elasticity of private R&​D spending on its price. A censored panel-data regression model with random effects is applied to a balanced panel of 726 Italian firms over the 1992-97 period. Implied estimates point out that Italian firms' response to policy measures (including tax credits), aimed at reducing the user cost of R&​D capital, is likely to be substantial (1.50-1.77). Furthermore, we also find that the elasticity of R&​D spending is higher in recession (2.01) than in expansion (0.87).
  • RePEc:boc:bocoec:493
Language
  • English
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