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Year 2015, Volume: 1 Issue: 3, 1 - 20, 01.11.2015

Abstract

References

  • Bel, Roland (2013), “Innovation: Misconceptions, Trends, and Directions”, Global Business and Organizational Excellence, 32(2):71-87.
  • Berglund, Henrik (2007), “Risk Conception and Risk Management in Corporate Innovation: Lessons from Two Swedish Cases”, International Journal of Innovation Management, 11(4): 497-513.
  • Breznitz, Dan and Zehavi, Amos (2010), “The Limits of Capital: Transcending the Public Financer–Private Producer Split in Industrial R&D”, Research Policy, 39:301–312.
  • Brown, Louise and Osborne, Stephen P. (2013), “Risk and Innovation: Towards A Framework for Risk Governance in Public Services”, Public Management Review, 15(2):186–208.
  • Caggese, Andrea (2012), “Entrepreneurial Risk, Investment, and Innovation”, Journal of Financial Economics, 106:287-307.
  • Catak, S. and Cilingir, C. (2010) “Performance Budgeting in Turkey”, OECD Journal on Budgeting, 3: 7-45.
  • Davidson, Sinclair and Spong, Heath (2010), “Positive Externalities and R&D: Two Conflicting Traditions in Economic Theory”, Review of Political Economy, 22(3):355–372.
  • Diao, Xinshen; Roe, Terry and Yeldan, Erinc (1999), “Strategic Policies and Growth: An Applied Model of R&D-Driven Endogenous Growth”, Journal of Development Economics, 60:343–380.
  • González, Xulia and Pazó, Consuelo (2008), “Do Public Subsidies Stimulate Private R&D Spending?”, Research Policy, 37:371–389.
  • Harvey, David (2011), The Enigma of Capital and the Crises of Capitalism, New York: Oxford University Press.
  • Jones, Charles I. (1995), “R &D-Based Models of Economic Growth”, Journal of Political Economy, 103(4):759-784.
  • Kalvet, Tarmo and Lember, Veiko (2010), “Risk Management in Public Procurement for Innovation: The Case of Nordic-Baltic Sea Cities”, Innovation-The European Journal of Social Science Research, 23(3):241-262.
  • Lee, Chang-Yang (2011), “The Differential Effects of Public R&D Support on Firm R&D: Theory and Evidence from Multi-Country Data”, Technovation, 31:256–269.
  • Makkonen, Teemu (2013), “Government Science and Technology Budgets in Times of Crisis”, Research Policy, 42:817– 822.
  • Mazzucato, Mariana and Tancioni, Massimiliano (2008), “Innovation and Idiosyncratic Risk: An Industry- and Firm-Level Analysis”, Industrial and Corporate Change, 17(4):779–811.
  • Nasierowski, Wojciech (2012), “Investors or Gamblers?”, Global Management Journal, 1(2):17-26.
  • Perez-Sebastian, Fidel (2007), “Public Support to Innovation and Imitation in a Non-Scale Growth Model”, Journal of Economic Dynamics & Control, 31:3791–3821.
  • Romer, Paul M. (1990), “Endogenous Technological Change”, The Journal of Political Economy,98(5):71-102.
  • Russo, Benjamin (2004), “A Cost-Benefit Analysis of R&D Tax Incentives”, Canadian Journal of Economics, 37(2):313-335.
  • Townsend, William (2013), “Innovation and the Perception of Risk in the Public Sector”, International Journal of Organizational Innovation, 5(3):21-34.
  • Tyfield, David (2012), “A Cultural Political Economy of Research and Innovation in an Age of Crisis”, Minerva: A Review of Science, Learning & Policy, 50:149-167.
  • I

Public R&D and Budgeting: Ontological Discussion, Country Examples, and A Technical Note on Turkey

Year 2015, Volume: 1 Issue: 3, 1 - 20, 01.11.2015

Abstract

What does Research and Development R&D mean for public economy? Is it a typical investment, a function of public service, or a kind of politico-economic gambling? Grounding on its “risky” economic character, we argue that, it is a “suigeneris” type of both economic and fiscal activity. Then, if so, the question is “where it should be displayed throughout the government budget? Due to the fact that, it is not a function of the state, R&D appropriations ought to be classified in “economic classification” of public budgets. This should be done for two ontological reasons: First, in a neo-liberal age, in which there is strong emphasis on the “minimal state”, a R&D type of -so to speak- investment cannot be perceived as a normal state activity. Even if it is so, and second, since it is an economic endeavor, it should be classified under the economic classification, not in functional one. Furthermore, the society has the right to discern the share of outlays on R&D within total public spending. The best way of doing this is to annex a brief chart to the budget or to issue a separate budget or report on R&D expenditures of state agencies, unless it is possible to do all

References

  • Bel, Roland (2013), “Innovation: Misconceptions, Trends, and Directions”, Global Business and Organizational Excellence, 32(2):71-87.
  • Berglund, Henrik (2007), “Risk Conception and Risk Management in Corporate Innovation: Lessons from Two Swedish Cases”, International Journal of Innovation Management, 11(4): 497-513.
  • Breznitz, Dan and Zehavi, Amos (2010), “The Limits of Capital: Transcending the Public Financer–Private Producer Split in Industrial R&D”, Research Policy, 39:301–312.
  • Brown, Louise and Osborne, Stephen P. (2013), “Risk and Innovation: Towards A Framework for Risk Governance in Public Services”, Public Management Review, 15(2):186–208.
  • Caggese, Andrea (2012), “Entrepreneurial Risk, Investment, and Innovation”, Journal of Financial Economics, 106:287-307.
  • Catak, S. and Cilingir, C. (2010) “Performance Budgeting in Turkey”, OECD Journal on Budgeting, 3: 7-45.
  • Davidson, Sinclair and Spong, Heath (2010), “Positive Externalities and R&D: Two Conflicting Traditions in Economic Theory”, Review of Political Economy, 22(3):355–372.
  • Diao, Xinshen; Roe, Terry and Yeldan, Erinc (1999), “Strategic Policies and Growth: An Applied Model of R&D-Driven Endogenous Growth”, Journal of Development Economics, 60:343–380.
  • González, Xulia and Pazó, Consuelo (2008), “Do Public Subsidies Stimulate Private R&D Spending?”, Research Policy, 37:371–389.
  • Harvey, David (2011), The Enigma of Capital and the Crises of Capitalism, New York: Oxford University Press.
  • Jones, Charles I. (1995), “R &D-Based Models of Economic Growth”, Journal of Political Economy, 103(4):759-784.
  • Kalvet, Tarmo and Lember, Veiko (2010), “Risk Management in Public Procurement for Innovation: The Case of Nordic-Baltic Sea Cities”, Innovation-The European Journal of Social Science Research, 23(3):241-262.
  • Lee, Chang-Yang (2011), “The Differential Effects of Public R&D Support on Firm R&D: Theory and Evidence from Multi-Country Data”, Technovation, 31:256–269.
  • Makkonen, Teemu (2013), “Government Science and Technology Budgets in Times of Crisis”, Research Policy, 42:817– 822.
  • Mazzucato, Mariana and Tancioni, Massimiliano (2008), “Innovation and Idiosyncratic Risk: An Industry- and Firm-Level Analysis”, Industrial and Corporate Change, 17(4):779–811.
  • Nasierowski, Wojciech (2012), “Investors or Gamblers?”, Global Management Journal, 1(2):17-26.
  • Perez-Sebastian, Fidel (2007), “Public Support to Innovation and Imitation in a Non-Scale Growth Model”, Journal of Economic Dynamics & Control, 31:3791–3821.
  • Romer, Paul M. (1990), “Endogenous Technological Change”, The Journal of Political Economy,98(5):71-102.
  • Russo, Benjamin (2004), “A Cost-Benefit Analysis of R&D Tax Incentives”, Canadian Journal of Economics, 37(2):313-335.
  • Townsend, William (2013), “Innovation and the Perception of Risk in the Public Sector”, International Journal of Organizational Innovation, 5(3):21-34.
  • Tyfield, David (2012), “A Cultural Political Economy of Research and Innovation in an Age of Crisis”, Minerva: A Review of Science, Learning & Policy, 50:149-167.
  • I
There are 22 citations in total.

Details

Primary Language English
Journal Section Research Article
Authors

Ferhat Akbey This is me

Publication Date November 1, 2015
Published in Issue Year 2015 Volume: 1 Issue: 3

Cite

APA Akbey, F. (2015). Public R&D and Budgeting: Ontological Discussion, Country Examples, and A Technical Note on Turkey. Maliye Araştırmaları Dergisi, 1(3), 1-20.

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