https://t.co/tlXsLXZarK
26/06/2017 9:21 PM
RT @rethinkecon: 'Going Beyond Exchange' from @TheMinskys @HeskevanDoornen https://t.co/GVNeY8gyIQ
23/06/2017 8:53 PM
RT @ChrisGiles_: Hard or soft Brexit? The six scenarios for Britain https://t.co/Fk2hj8muah via @FT
23/06/2017 8:52 PM
This is worth a read: https://t.co/gjARfKQ6JB
20/06/2017 9:58 PM
RT @PositiveMoneyUK: ...and it’s almost impossible to reduce our debts without causing a recession - Welcome to the debt trap! https://t.co…
20/06/2017 9:49 PM
@Parker_Banking The pirates are in the accendency - on the pirate scale there is no difference between Trump and Pu… https://t.co/XbxmE9OJao
17/06/2017 1:11 PM
RT @PositiveMoneyUK: Why are House Prices So High? https://t.co/kYNWqTc6kP
16/06/2017 3:57 PM
@Omearanz Tax incentives point away from productive investments - asset price inflation is not productive of itself… https://t.co/zOCXPEj93U
15/06/2017 5:00 PM
@Parker_Banking People without income and assets cannot be consumers - superfluous to economy - superfluous to soci… https://t.co/EHIOqdcNXH
15/06/2017 12:18 PM
@Parker_Banking Full of rah rah platitudes: happened before no worries.Then machines replaced muscle/debt low, now… https://t.co/SMvdIfmpi1
15/06/2017 12:15 PM
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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
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