In-house R&D, Importing Technology and R&D Tax Credit on the Productivity of Manufacturing Industry: Evidence from India

Q3 Economics, Econometrics and Finance

Studies in Microeconomics Pub Date : 2023-03-21 DOI:10.1177/23210222231154056

Baiju Pallayil, Sunil Kumar Ambrammal, R. Ramachandran

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引用次数: 0

Abstract

In-house R&D, importing technology and R&D tax credit play different roles in different economies. The role even may change among firms of various technological intensities. Therefore, this study investigates the impact of in-house R&D, importing technology and R&D tax credits on India’s manufacturing firms’ productivity according to their technological intensity. Our results show that R&D and technology imports have a significant and positive impact on productivity in all technologically intense industries. We have further estimated a substitute relationship between R&D and Importing Technology in high-tech, medium–high-tech and medium–low-tech industries. However, the complementarity relationship between R&D and importing technology appears more pronounced in low-tech industries. Further, the R&D tax credit policy positively impacts firm productivity in medium–high-tech, medium–low-tech and low-tech industries. In order to boost productivity, there need to be policies that support R&D, including R&D tax incentives for companies in all technologically intensive industries. JEL Classifications: C23, D24, O31, 032

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自主研发、引进技术和研发税收抵免对制造业生产率的影响:来自印度的证据

国内研发、进口技术和研发税收抵免在不同经济体中发挥着不同的作用。这种作用甚至可能在不同技术强度的公司之间发生变化。因此，本研究根据印度制造企业的技术强度，调查了内部研发、进口技术和研发税收抵免对其生产力的影响。我们的研究结果表明，研发和技术进口对所有技术密集型行业的生产力都有显著而积极的影响。我们进一步估计了高技术、中高技术和中低技术产业的研发与技术进口之间的替代关系。然而，在低技术产业中，研发与进口技术之间的互补关系似乎更为明显。此外，研发税收抵免政策对中高技术、中低技术和低技术行业的企业生产率产生了积极影响。为了提高生产力，需要制定支持研发的政策，包括为所有技术密集型行业的公司提供研发税收优惠。JEL分类：C23、D24、O31032

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Studies in Microeconomics Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.40

自引率

0.00%

发文量

期刊介绍： Studies in Microeconomics seeks high quality theoretical as well as applied (or empirical) research in all areas of microeconomics (broadly defined to include other avenues of decision science such as psychology, political science and organizational behavior). In particular, we encourage submissions in new areas of Microeconomics such as in the fields of Experimental economics and Behavioral Economics. All manuscripts will be subjected to a peer-review process. The intended audience of the journal are professional economists and young researchers with an interest and expertise in microeconomics and above. In addition to full-length articles MIC is interested in publishing and promoting shorter refereed articles (letters and notes) that are pertinent to the specialist in the field of Microeconomics (broadly defined). MIC will periodically publish special issues with themes of particular interest, including articles solicited from leading scholars as well as authoritative survey articles and meta-analysis on the themed topic. We will also publish book reviews related to microeconomics, and MIC encourages publishing articles from policy practitioners dealing with microeconomic issues that have policy relevance under the section Policy Analysis and Debate.