'Public' Funds for 'Private' R&D-Case of PATSER
6 Pages Posted: 9 Jun 2008
Today, Public policy apart from addressing the concerns/aspirations of the nation, must also be WTO complaint. All the subsidies are on the chopping mat, exceptions are few. One such an exception is subsidy to R&D. This article gives a (Indian) historical perspective on this subject. The objective is to inform the uninformed and convince the informed about the positive benefits of providing R&D subsidy to private commercial undertakings.
Keywords: R&D, Commercial innovation, Matching grant, Public policy, Innovation system
JEL Classification: D81, D82, G18, L98, M13, O14, O31, O32, O33, O38
Suggested Citation: Suggested Citation