The impact of public R&D policy on business-funded R&D (case of OECD countries)

The main policy tools used by government to stimulate private R&D are public (government and university) research, government funding of business-performed R&D and fiscal incentives. The aim of the paper is to assess the effect of government spending through these channels on business-funded and business-performed R&D for OECD countries over the period 1981-2012. © 2017 John Wiley and Sons Ltd. All rights reserved.