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dc.contributor.authorMani, Sunil
dc.identifier.citationMani, Sunil (2008) Financing of industrial innovations in India : how effective are tax incentives for R&D? CDS working papers, no.405. Trivandrum: CDS.en_GB
dc.description.abstractThe paper surveys the instruments that are available for innovation financing in India. It identifies three such instruments, namely research grants and loans, venture capital and tax incentives. The effectiveness of all these instruments are then examined in some general fashion, but one of the instruments, namely tax incentives are subject to a detailed empirical scrutiny in terms of its effectiveness. We have constructed a dataset containing firm belonging to four different industries which have claimed these tax incentives. For these firms we estimated the elasticity of R&D expenditure wrt tax foregone. The resulting analysis showed that while the instruments have been targeted well at the right sort of industries its effect in spurring additional investments in R&D is open to question. Key words: Public R&D support; R&D investment; Evaluation, Tax foregone, Innovation policy, R&D policy, R&D investment, Innovation, India. JEL Classification : H32; 031; O38en_GB
dc.publisherCentre for Development Studiesen_GB
dc.relation.ispartofseriesCDS working papers;405
dc.subjectIndustrial Developmenten_GB
dc.subjectScience and Societyen_GB
dc.titleFinancing of industrial innovations in India : how effective are tax incentives for R&D?en_GB
dc.typeSeries paper (non-IDS)en_GB
dc.rights.holderCentre for Development Studiesen_GB

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