Abstract:

In the age of information economy, R&D activities are more than a need to be done. With the move of innovation and technological development to the center of economic growth, R&D indicators are used as a measure of economic development. The strength of the companies and the country’s economies is proportionate to how good the innovation is and how quickly they capture it. The importance in today’s world economy is that the government, in order to encourage everyday increasing innovation activities, provides direct and indirect support to the private sector. The aim of this study is to measure the impact of these incentives on innovation developed on a national basis using the 2016 data for OECD countries by using the horizontal-cutting analysis method. According to the empirical findings from the study, it has been found that R&D incentives in OECD countries have no statistically significant impact on innovation.