Ben Zina, Tarek and Ben Zina, Naceur (2006): Complementarity or substitutability between private and public investment in R&D: An empirical study.
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Abstract
In this paper, we investigate the relationship between private and public investment in R&D. Various models proposed in the literature to take account for several instruments policies as: (subsidies, taxes…) are estimated to verify if private and public R&D spending are complement or substitute. Our empirical study is based on a dynamic panel model for a sample of (23) countries over the period 1992-2004. This research is dealing with the relationship between private and public investment in R&D. Results based on the GMM method of Arellano and Bond (1991) and the tests of causality and unit root applied to the panel data show a positive and significant relation between private and public R&D.
Item Type: | MPRA Paper |
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Institution: | FSEG Sfax Tunisia |
Original Title: | Complementarity or substitutability between private and public investment in R&D: An empirical study |
Language: | English |
Keywords: | R&D; Complementarity; Substituability; GMM; Dynamic Panel Data |
Subjects: | C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C33 - Panel Data Models ; Spatio-temporal Models O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O33 - Technological Change: Choices and Consequences ; Diffusion Processes |
Item ID: | 3929 |
Depositing User: | Professor Tarek Sadraoui |
Date Deposited: | 09 Jul 2007 |
Last Modified: | 03 Oct 2019 05:04 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/3929 |