Chapter 2. Fiscal Policies for Innovation and Growth

International Monetary Fund. Fiscal Affairs Dept.

Author: International Monetary Fund. Fiscal Affairs Dept.

Language:: English

Keywords:: FM; def; country abbreviation; statistics manual; commodity exporter; potential GDP; middle-income economy; Fiscal stance; Emerging and frontier financial markets; Macroeconomic and fiscal forecasts; Global; Africa; Middle East; North Africa; Europe; Tax incentives; Asia and Pacific; firms' ability; tax relief; incumbent firm; research activity; small business trap; Corporate income tax; Self-employment

Abstract

Against a backdrop of mediocre medium-term growth prospects, identifying policies that could lift productivity growth by promoting innovation is critical. Fiscal policy can play an important role in stimulating innovation through its effects on research and development (R&D), entrepreneurship, and technology transfer.

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Fiscal Monitor, April 2016

Acting Now, Acting Together

Author: International Monetary Fund. Fiscal Affairs Dept.

ISBN:: 9781513510590

ISSN:: 2219-276X

Publication Date:: 13 Apr 2016

Publisher:: International Monetary Fund

DOI:: https://doi.org/10.5089/9781513510590.089

Pages:: 126