According to the Companies’ View, Which Policy Actions Would Increase the R&D Activities of Companies?

Abstract

Several policy instruments can be used to increase research and product development (R&D). This brief focuses on companies’ views on the impact of these instruments based on a company survey. According to companies, the most influential instruments for increasing R&D of companies would be R&D tax incentives, increasing R&D grants and improving the availability of skilled labor. Corporate taxation was more important for domestic than for foreign companies. Instead, the costs of R&D employees were more important for foreign companies. When interpreting the results, it should take into account that they are based on companies’ subjective views.

Publication info

Results of research
The Attractiveness of Finland as a Location for Productive Companies and Talented People
Research group
Labour market and education
Series
ETLA Muistio - ETLA Brief 126
Date
23.10.2023
Keywords
R&D, Innovation, Globalization, Foreign ownership, Foreign company
ISSN
2323-2463
JEL
O31, 032, O38
Pages
12
Language
Finnish