Tax and S&T Policies for Research Commercialization: Perspectives of Southeast Asian Countries

2017 ◽  
Vol 14 (04) ◽  
pp. 1750017 ◽  
Author(s):  
Jarunee Wonglimpiyarat
Keyword(s):  
Developing Economies ◽  
Innovation System ◽  
Policy Instruments ◽  
Developmental State ◽  
Policy Implications ◽  
High Tech ◽  
Asian Countries ◽  
Diamond Model ◽  
The Government ◽  
Innovative Capacity

High-tech businesses are important in enhancing the innovative capacity of nation. Many countries use tax schemes as one of the government policy instruments to provide an environment conducive to the growth of high-tech companies. This paper analyzes the tax policies and R&D tax incentives to promote technology commercialization in Singapore and Thailand. The analysis is focused on the government dimension of Porter’s diamond model. The results reveal the government intervention model whereby the governments of both countries have pursued a developmental state role in fostering innovative entrepreneurship. The study offers insightful lessons linking tax policy to the perspective of science and technology (S&T) policy. The policy implications would be useful to other developing economies in shaping the direction of the national innovation system.

International debt and linkage strategies: some foreign-policy implications for the United States

1985 ◽  
Vol 39 (4) ◽  
pp. 699-727 ◽  
Author(s):  
Benjamin J. Cohen
Keyword(s):  
United States ◽  
Foreign Policy ◽  
Latin American ◽  
Debt Crisis ◽  
Policy Instruments ◽  
The United States ◽  
Policy Implications ◽  
Power Resources ◽  
The Government ◽  
The Imf

The global debt problem influences the foreign-policy capabilities of the United States through its impact on the government's “linkage strategies” in foreign affairs. In some circumstances policy makers are forced to make connections between different policy instruments or issues that might not otherwise have been felt necessary; in others, opportunities for connections are created that might not otherwise have been felt possible. The Polish debt crisis of 1981–82, the Latin American debt crisis of 1982–83, and the IMF quota increase in 1983 are suggestive in this regard. Linkage strategies bred by the debt issue are more apt to be successful when the interest shared by the United States with other countries in avoiding default is reinforced by other shared economic or political interests. They will also be more successful to the extent that the government can supplement its own power resources by relating bank decisions to foreign-policy considerations. Power in such situations, however, is a wasting asset, even when employed indirectly through the intermediation of the IMF.

On the Problems of Transformation of High-Tech Production Systems

2020 ◽  
Vol 26 (10) ◽  
pp. 1109-1117
Author(s):  
M. Yu. Alekhin ◽  
A. V. Titov
Keyword(s):  
Institutional Environment ◽  
Production Systems ◽  
Innovation System ◽  
National Innovation System ◽  
High Tech ◽  
Investment Activity ◽  
Research Results ◽  
Technical Potential ◽  
The Government

The presented study addresses the problems of managing the transformation of high-tech production systems (PS) to maintain the enterprise’s competitiveness in the long term.Aim. The study identifies efficient approaches to forecasting the timeline, economic and social prospects of PS transformations.Tasks. The authors assess the existing methodological framework for innovation management aimed at changing the scientific and technical potential of the PS and the government’s role in facilitating investment activity.Methods. This study is based on the fundamental principles of systems theory and comprehensive consideration of the issues of managing changes in economic systems through analysis.Results. The proposed assessments and comments can be taken into account when developing a methodology for forming an adequate management response to the predicted change in the external conditions of PS operation. The scientific and technical potential of high-tech enterprises is created, among other things, through long-term research, but the economic prospects of using research results are unpredictable. The experience of building the US national innovation system confirms the important role of the government in managing the commercialization of research results.Conclusions. The development of the Russian economy depends on the timeliness and reasonable sufficiency of the formation of the scientific and technical potential of the PS. The formation of the Russian national innovation system is a prerequisite for creating a favorable institutional environment for innovation, and the authors believe that it will lay the groundwork for the reproduction of capital in real production and hedging of risks associated with these processes.

scholarly journals Governance for green urbanisation: Lessons from Singapore’s green building certification scheme

2018 ◽  
Vol 37 (1) ◽  
pp. 137-156 ◽  
Author(s):  
Heejin Han
Keyword(s):  
Risk Sharing ◽  
Urban Governance ◽  
Financial Incentive ◽  
Policy Instruments ◽  
Green Building ◽  
Developmental State ◽  
Life Cycles ◽  
Collaborative Partnerships ◽  
Local Conditions ◽  
The Government

As more and more Asian countries join the global urbanisation trend, numerous negative environmental consequences loom larger than ever, rendering green urbanisation an urgent public policy agenda. This study addresses how Singapore has met this challenge and established itself as one of the world’s greenest urban centres through the implementation of the Green Mark Scheme since 2005. Drawing on the new urban governance literature, this study argues that several conditions have enabled this result. First, the government has steered the design and promotion of the Green Mark Scheme, introducing various legal and regulatory mechanisms to undergird the Green Mark Scheme regime. Second, various financial incentive schemes, risk-sharing programmes and rewards have made the government’s commitment credible, lowering entry barriers for new participants. While these policy instruments and measures echo Singapore’s top–down policy-making tradition and developmental state legacy, the government has increasingly relied on collaborative partnerships with multiple stakeholders to generate positive environmental impacts throughout buildings’ entire life cycles. These elements have created an effective mode of new green urban governance. This study illustrates how policy-makers can facilitate sustainable urbanisation by adopting green initiatives tailored to their local conditions. Moreover, this study argues that green urbanisation entails not just technical aspects but also governance elements.

scholarly journals An Empirical Investigation of Foreign Financial Assistance Inflows and Its Fungibility Analyses: Evidence from Bangladesh

Economies ◽  
2019 ◽  
Vol 7 (3) ◽  
pp. 95 ◽  
Author(s):  
Murshed
Keyword(s):  
Developing Economies ◽  
Government Expenditure ◽  
Health Sector ◽  
Impulse Response Function ◽  
Policy Implications ◽  
Annual Data ◽  
Vector Error Correction ◽  
Public Investments ◽  
Long Run ◽  
The Government

The external financing of fiscal deficit is key to bridging public revenue shortfalls within developing economies. However, the public expenditure responses to the incoming foreign financial assistances, as documented in the existing literature, depict ambiguity with respect to the nature of the assistances. Against this milieu, this paper attempts to perform a comprehensive analysis of the dynamics adhering to the foreign financial inflows–government expenditure nexus in Bangladesh tapping annual data from 1985 to 2017. The vector error-correction model approach to short and long-run correlations and causality analyses, variance decomposition technique, and impulse response function exercises comprise the econometric methodologies considered in this paper. In a nutshell, the results from the analyses indicate toward foreign financial inflows crowding out public investments, and reducing the tax and non-tax efforts of the government, while diminishing the amount of local public borrowings in Bangladesh. Conversely, financial assistances in the form of concessional loans and those originating from multilateral sources are found to enhance government expenditure, while the foreign aids intended for the health sector are found to be fungible in nature. Thus, these contrasting findings are expected to generate crucial policy implications with regard to structuring appropriate public policies.

scholarly journals Building an innovation system of medical devices in China: Drivers, barriers, and strategies for sustainability

2020 ◽  
Vol 8 ◽  
pp. 205031212093821
Author(s):  
Sok Teng Cheong ◽  
Jian Li ◽  
Carolina Oi Lam Ung ◽  
Daisheng Tang ◽  
Hao Hu
Keyword(s):  
Medical Device ◽  
Medical Devices ◽  
Innovation System ◽  
Policy Decision ◽  
Policy Implications ◽  
Market Demand ◽  
Multiple Sources ◽  
System Perspective ◽  
The Government ◽  
And Diffusion

Objectives: This article aimed to discuss the emergence of medical device sector in China from a sectoral innovation system perspective, to explore the drivers and barriers to the successful building of an innovation system of medical devices, and to highlight the policy implications and suggestions for sustainable innovation of medical devices. Methods: A theoretical framework of sectoral systems of innovation was applied in the analysis of data, and materials were collected from multiple sources with particular attention paid to the evolutionary phases, structure, and function of the innovation system. Results: The evolution of medical device sector in China could be divided into four phases: initialization (1960s–1970s); exploration (1980s); steady growth (1990s); and rapid growth (since 2000). Through analyzing the innovation system’s structural components of technology, actors, and networking, as well as institutions, this study indicated that the government policy decision was the most important driver that affected the virtuous cycle of the Chinese medical device innovation system, followed by market demand and entrepreneurial activities. However, barriers against the innovation cycle such as knowledge base development and diffusion, legitimacy, and resource mobilization still remained. Conclusion: In its endeavor to build an innovation system, the Chinese medical device sector had made some progress in meeting the local medical demands and improving its industrial competence. Although a Chinese innovation system for medical devices was initiated under the guidance of the government, knowledge advancement and diffusion had become the main challenges for the sustainability of innovation in this sector. The future development depends on China’s effort and ability to establish education and health research systems specific to medical devices.

scholarly journals Common Frameworks for Regional Competitiveness: Insights from a Number of Local Knowledge Economies

2009 ◽  
pp. 19-43
Author(s):  
Maria Sole Brioschi ◽  
Lucio Cassia ◽  
Alessandra Colombelli
Keyword(s):  
Innovation System ◽  
Transformation Process ◽  
Jel Classification ◽  
Policy Implications ◽  
High Tech ◽  
Local Policy ◽  
Regional Innovation ◽  
Regional Competitiveness ◽  
Italian Regions ◽  
Knowledge Economies

- In this paper we analyse the innovative capacity of the most productive and most industrialised Italian regions by comparing them with a set of European regions that in the past two decades followed an industrial restructuring path towards knowledgebased sectors, doing so via the formation of a Regional Innovation System. Even though the European benchmarking regions now specialise in high-tech sectors and are characterised by high innovative activity, they share an industrial past based on heavy and traditional industries. In this respect, the two groups of regions are not so different in nature, and comparing them yields strategic insights for the Italian regional transformation process and suggests interesting local policy implications.Keywords: Knowledge economies, regional development, regional innovation systems.Parole chiave: economie della conoscenza, sviluppo regionale, sistemi regionali d'innovazioneJEL classification: R11, R58.

scholarly journals Evolution of Science and Technology Policy in Korea

2014 ◽  
Vol 29 (1) ◽  
pp. 147-172
Author(s):  
Ji Woong Yoon
Keyword(s):  
Large Scale ◽  
Technology Innovation ◽  
Technology Policy ◽  
Science And Technology ◽  
Innovation System ◽  
Policy Instruments ◽  
Technology Learning ◽  
Korean Government ◽  
Whole Process ◽  
The Government

This paper provides an overview of the key policy instruments and capacity building policy tools used in each development phase of science and technology in Korea. In the 1960s and ’70s, the Korean government built an institutional foundation for the development of science and technology. In the later part of the ’60s, the Ministry of Science and Technology and the governmentfunded research institute became key organizations to implementation of policies intended to foster the advance of science and technology in Korea. The Korean government also focused on learning about and absorbing foreign technologies by licensing and by importing capital goods. From 1980 to 1997, the Korean government shifted its policy direction from technology learning to developing by its own scientific and technological capacity in high-technology sectors, which requires an indigenous R&D capability. It launched large-scale R&D programs that targeted certain fields to close what was a large gap between advanced countries and Korea. Korea became a fast follower, making a massive investment in certain fields, such as the semiconductor, electronics, steel and chemical industries. In the late 1990s, the Korean government developed a plan to build a national science and technology innovation system. Although the relevant infrastructures had been in place for 40 years and an R&D capability for innovation was in the works, those were not perceived to be systematically working together, which is crucial for sustainable innovation. The government response to this problem was to design a policy that tried to systemize the whole process of science and technology innovation.

Malaysian Homestays: The Need for Standardized Regulation

2020 ◽  
Vol 17 (2) ◽  
pp. 63
Author(s):  
ROHASLINDA BINTI RAMELE ◽  
YAMAZAKI JUICHI ◽  
MD NAJIB IBRAHIM ◽  
LILIS SHEREENA SAFIEE
Keyword(s):  
Rural Community ◽  
Rural Tourism ◽  
Asian Countries ◽  
Government Organizations ◽  
Rural Income ◽  
Arts And Culture ◽  
The Government ◽  
Host Families ◽  
Southeast Asian Countries ◽  
Management Operation

This study aims to clarify regulations used among each type of registered and unregistered Malaysian homestays and to reveal issues arose regarding the implemented regulations. Selected homestays that are established by the government organizations and individuals were investigated to carry out the comparison on each homestay. Host families and persons in charge of the Ministry of Tourism, Arts and Culture (MOTAC), the Ministry of Agriculture (MOA), and the Ministry of Rural and Regional Development (MRRD) were also interviewed. Findings showed that there is only one guideline used for all types of homestays in Malaysia, which is the Malaysia Homestay Registration Guideline, established by MOTAC. MOTAC has also been selected as a leader of homestays in the Southeast Asian countries by the ASEAN Secretariat; therefore, the ASEAN Homestay Standard is also being referred. However, the implementation of this guideline and standard among other homestays unregistered with MOTAC (homestays established by MOA, MRRD, and individuals) is not compulsory, although encouraged, where they may receive equal benefits in term of facilities and promotion. Some issues arose due to the tax regulated by the local authorities, failure on homestays to be registered with MOTAC, and abandoned homestays. This study recommended that the Malaysia Homestay Registration Guideline to be standardized and regulated to all types of homestays, including individuals and unregistered homestays in Malaysia. This is important in order to reduce issues arose involving the homestay industry, providing safety and comfort to the tourists and, to help to develop rural income among host families and the rural community themselves.Keywords: Rural tourism, homestay, regulation, management, operation

Artificial Intelligence as a Technological Innovation to Accelerate Economic Development

2019 ◽  
Vol 12 (3) ◽  
pp. 125-133
Author(s):  
S. V. Shchurina ◽  
A. S. Danilov
Keyword(s):  
Artificial Intelligence ◽  
Economic Development ◽  
Technological Innovation ◽  
Manufacturing Industry ◽  
New Technologies ◽  
Retail Trade ◽  
High Tech ◽  
Industrial Complex ◽  
Technological Gap ◽  
The Government

The subject of the research is the introduction of artificial intelligence as a technological innovation into the Russian economic development. The relevance of the problem is due to the fact that the Russian market of artificial intelligence is still in the infancy and the necessity to bridge the current technological gap between Russia and the leading economies of the world is coming to the forefront. The financial sector, the manufacturing industry and the retail trade are the drivers of the artificial intelligence development. However, company managers in Russia are not prepared for the practical application of expensive artificial intelligence technologies. Under these circumstances, the challenge is to develop measures to support high-tech projects of small and medium-sized businesses, given that the technological innovation considered can accelerate the development of the Russian economy in the energy sector fully or partially controlled by the government as well as in the military-industrial complex and the judicial system.The purposes of the research were to examine the current state of technological innovations in the field of artificial intelligence in the leading countries and Russia and develop proposals for improving the AI application in the Russian practices.The paper concludes that the artificial intelligence is a breakthrough technology with a great application potential. Active promotion of the artificial intelligence in companies significantly increases their efficiency, competitiveness, develops industry markets, stimulates introduction of new technologies, improves product quality and scales up manufacturing. In general, the artificial intelligence gives a new impetus to the development of Russia and facilitates its entry into the five largest world’s economies.

The Problem of Agricultural Taxation in West Pakistan and an Alternative Solution: A Comment (Notes & Comments)

1973 ◽  
Vol 12 (4) ◽  
pp. 433-437
Author(s):  
Sarfaraz Khan Qureshi
Keyword(s):  
Capita Income ◽  
Agricultural Sector ◽  
Central Government ◽  
Policy Implications ◽  
Farm Size ◽  
Per Capita Income ◽  
Tax Rate ◽  
Water Rate ◽  
Per Capita ◽  
The Government

In the Summer 1973 issue of the Pakistan Development Review, Mr. Mohammad Ghaffar Chaudhry [1] has dealt with two very important issues relating to the intersectoral tax equity and the intrasectoral tax equity within the agricultural sector in Pakistan. Using a simple criterion for vertical tax equity that implies that the tax rate rises with per capita income such that the ratio of revenue to income rises at the same percentage rate as per capita income, Mr. Chaudhry found that the agricultural sector is overtaxed in Pakistan. Mr. Chaudhry further found that the land tax is a regressive levy with respect to the farm size. Both findings, if valid, have important policy implications. In this note we argue that the validity of the findings on intersectoral tax equity depends on the treatment of water rate as tax rather than the price of a service provided by the Government and on the shifting assumptions regard¬ing the indirect taxes on imports and domestic production levied by the Central Government. The relevance of the findings on the intrasectoral tax burden would have been more obvious if the tax liability was related to income from land per capita.

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