Date Published:
Jun 01, 1999
Category:
Discussion Papers
Focus Area(s):
Code:
DP 1999-25

R&D is crucial in a country’s development process. Yet some economic agents are hesitant in pursing it not only because of the risks and costs associated with it but also because of high incidence of spillover, which are usually difficult to appropriate. Hence, to mobilize the R&D activities, government interventions are critically needed. This paper reviews issues related to R&D such as the low level of R&D in the Philippines and the opportunity costs associated with it. This also puts into perspective the historical development in S&T and the current policy measures and objectives, the level of S&T, the intensity of R&D activities, the incomplete market structure in research and the government’s role through subsidies and incentive provision. This review draws heavily s on the available domestic and international literature on R&D and S&T.

Citations

This publication has been cited 1 time

In other Publications
  1. Cororaton, Caesar B.. 2003. Technological innovations in Japan and S&T experiences in the Philippines: Drawing policy lessons for the Philippines. Research Paper Series RPS 2002-04. Philippine Institute for Development Studies.


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