RT @monteiro: Next Friday. We’re out. The only thing Twitter cares about is engagement. Let’s stop giving it to them. Reclaim your life. Re…
13/08/2018 11:51 AM
RT @bernardchickey: ‘Heaven help us’ https://t.co/X8mdEKCi6X
1/08/2018 3:35 PM
RT @EvonomicsMag: Biologist Lixing Sun: "Existing data show that across the OECD nations, the higher the level of social trust, the greater…
30/07/2018 4:08 PM
RT @Adherium: Adherium Receives Additional U.S. FDA 510(k) Clearance, Setting in Motion a Full U.S. Consumer Launch of the @GetHailie ™ Sol…
30/07/2018 4:03 PM
RT @garths: @Smartinhaler @Adherium "Should We Make A "Smart" NHS?" via @forbes https://t.co/soC1TVv5Yr
30/07/2018 4:00 PM
Chinese Citizens Are Using Blockchain to Warn Each Other of Unsafe Vaccines https://t.co/bc8uVw9goZ #SmartNews
26/07/2018 5:03 PM
RT @Adherium: Adherium's @GetHailie solution, a sensor-based medication monitoring system, heads for direct-to-consumer sales with an eye o…
19/07/2018 8:46 PM
RT @bernardchickey: Awful, awful situation because we didn't invest in infrastructure and people to deal with an unprecedented population s…
28/06/2018 8:28 PM
Excellent preso from Steve Keen: https://t.co/z4nzCk3DpX
23/06/2018 10:02 AM
Automation and jobs not a bad debate: https://t.co/NZjeEHHMsj
9/06/2018 1:35 PM
Recent Post Comments
I am sorry but this comment section has been disabled due to spam. My contact details are easy to find, please contact me if you want to comment or discuss anything on this blog.

Print-friendly
25
MAY 11

Misunderstanding R&D Incentives




A recent editorial in the Herald demonstrates a narrow and misinformed view of what research and development really means. See:

http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=10727600

The context specific nature of the endeavour to find or apply new and different things is often overlooked by those only peripherally involved with the activity.
 

Centralised R&D suits systems that have common needs and applications, agriculture for example; where R&D needs and applications are fundamentally desperate another approach – say R&D tax credits – is necessary.  Other jurisdictions seem to understand this basic point.  See:

http://www.johnwalley.co.nz/153-statistics_maybe_lies_maybe_no.aspx

Given that intervention in this domain the competitive dimension is clear, firms in Australia (say) get more support from their government for this specific activity they sit in a better competitive position in all markets.  Conversely without it NZ firms are at a competitive disadvantage.  The link has much to say in this regard.
 


tags: r&d tax credits, herald editorial, competitive advantage
I am sorry but this comment section has been disabled due to spam. My contact details are easy to find, please contact me if you want to comment or discuss anything on this blog.