Is private R and D spending sensitive to its price? Empirical evidence on panel data for Italy

Empirica

Volumn 30, Issue 4, 2003, Pages 357-377

  Parisi, Maria Laura ^a   Sembenelli, Alessandro ^b  

^a UNIVERSITY OF PADOVA   (Italy)

^b UNIVERSITY OF TURIN   (Italy)

Author keywords

Panel data; R and D user cost; Tobit model

Indexed keywords

DEMAND ELASTICITY; METHODOLOGY; PANEL DATA; PRICE DYNAMICS; RESEARCH AND DEVELOPMENT;

EURASIA; EUROPE; ITALY; SOUTHERN EUROPE;

EID: 0345765648     PISSN: 03408744     EISSN: None     Source Type: Journal    
DOI: 10.1023/B:EMPI.0000005241.35057.4b     Document Type: Article

References (25)

1. Archibugi, D. and Ceccagnoli, M. (1995) 'Innovazione e Internazionalizzazione nelle Imprese Manifatturiere Italiane', in Quaderni di Politica Industriale, Mediocredito Centrale, No. 2.
2. Arellano, M. and Honoré, B. (2001) 'Panel Data Models: Some Recent Developments', in Handbook of Econometrics, Vol. 5, Chapter 53, North-Holland, pp. 3229-3296.
3. Aronica, A. et al. (1995) 'La Congiuntura dell'Industria e della Politica Industriale', in La Ricostruzione Industriale, Settimo Rapporto sull'Industria e la Politica Industriale Italiana, CER/IRS, II Mulino, Bologna, pp. 17-58.
4. Bond, S., Harhoff, D., and Van Reenen, J. (2000) 'Investment, R&D and Financial Constraints in Britain and Germany', IFS Working Paper, 99/05, Institute for Fiscal Studies.
5. CER/IRS (1993) 'Politiche degli Incentivi: Verso un Rilancio Ragionato', in La Trasformazione Difficile, Sesto Rapporto sull'Industria e la Politica Industriale Italiana, Chapter V, pp. 125-167.
6. Chamberlain, G. (1984) 'Panel Data', in Z. Griliches and M. D. Intrilligator, eds, Handbook of Econometrics, Vol. 2. North Holland, pp. 1247-1318.
7. David, P., Moen, J., and Griliches, J. (2000) 'Is Public R&D a Complement or a Substitute for Private R&D? A Review of the Econometric Evidence', Research Policy 29, 497-529.
8. European Commission (1997) 'Fifth Survey on State Aid in the EU in the Manufacturing and Certain Other Sectors', COM 97/170, Bruxelles.
9. European Commission (1998) 'Sixth Survey on State Aid in the EU in the Manufacturing and Certain Other Sectors', COM 98, Bruxelles.
10. European Commission (2000) 'Eight Survey on State Aid in the EU in the Manufacturing and Certain Other Sectors', COM 00/205, Bruxelles.
11. Gandullia, L. (2000) 'Incentivi fiscali e investimenti in R&D', Contributi di ricerca Irs, No. 51, Irs, Milano.
12. Hall, R. and Jorgenson, D. (1967) 'Tax Policy and Investment Behaviour', American Economic Review 57, 391-414.
13. Hall, B. and Van Reenen, J. (2000) 'How Effective are Fiscal Incentives for R&D? A Review of the Evidence', Research Policy 29, 449-469.
14. Himmelberg, C. and Petersen, B. (1994) 'R&D and Internal Finance. A Panel Study of Small Firms in High-Tech Industries', Review of Economics and Statistics 76, 38-51.
15. Honoré, B. (1992) 'Trimmed LAD and Least Squares Estimation of Truncated and Censored Regression Model with Fixed Effects', Econometrica 60, 533-565.
16. Honoré, B. and Kyriazidou, E. (2000) 'Estimation of Tobit-Type Models with Individual Specific Effects', Econometric Reviews 19, 341-366.
17. King, M. and Fullerton, D. (1984) The Taxation of Income from Capital. Chicago: University of Chicago Press.
18. McDonald, J. and Moffitt, R. (1980) 'The Uses of Tobit Analysis', Review of Economics and Statistics 62, 318-321.
19. Ministero dell'Industria - Mediocredito Centrale (1997) 'Indagine sulle Imprese Manifatturiere. Sesto Rapporto sull'Industria Italiana e la Politica Industriale', Milano, II Sole 24 Ore Libri.
20. Mulkay, B., Hall, B., and Mairesse, J. (2000) 'Investment and R&D in France and the U.S.', Mimeo.
21. OECD (1996a) 'Science and Technology and Industry Outlook', Paris.
22. OECD (1996b) 'Fiscal Measures to Promote R&D and Innovation', Paris.
23. OECD (1998) 'Science and Technology and Industry Outlook', Paris.
24. Scott, J. T. (1995) 'The Damoclean Tax and Innovation', Journal of Evolutionary Economics 5, 71-89.
25. Wooldridge, J. M. (1995) 'Selection Corrections for Panel data Models under Conditional Mean Independence Assumptions', Journal of Econometrics 68, 115-132.