Guceri, Irem
Effectiveness of fiscal incentives for R&D quasi - experimental evidence / by Irem Guceri and Li Liu .-- , 2019
Disponible también en formato electrónico en la Biblioteca del IEF.
Resumen.
We exploit a 2008 UK policy reform that increased the tax incentives for R&D in medium-sized enterprises relative to large ones, to overcome the endogeneity of exposure to such tax credits. We estimate a difference-in-difference design on the universe of corporation tax filings in the United Kingdom, combined with other datasets. We find a positive and significant impact of tax credits for R&D, implying a user-cost elasticity estimate of around −1.6. This magnitude implies around $1 in additional private R&D spending per dollar foregone in tax revenue.
INVESTIGACION CIENTIFICA
DESARROLLO TECNOLOGICO
INVERSIONES
INCENTIVOS FISCALES
REINO UNIDO
Liu, Li
American Economic Journal. Economic Policy 1945-7731 v. 11, n. 1, February 2019, p. 266-291
Effectiveness of fiscal incentives for R&D quasi - experimental evidence / by Irem Guceri and Li Liu .-- , 2019
Disponible también en formato electrónico en la Biblioteca del IEF.
Resumen.
We exploit a 2008 UK policy reform that increased the tax incentives for R&D in medium-sized enterprises relative to large ones, to overcome the endogeneity of exposure to such tax credits. We estimate a difference-in-difference design on the universe of corporation tax filings in the United Kingdom, combined with other datasets. We find a positive and significant impact of tax credits for R&D, implying a user-cost elasticity estimate of around −1.6. This magnitude implies around $1 in additional private R&D spending per dollar foregone in tax revenue.
INVESTIGACION CIENTIFICA
DESARROLLO TECNOLOGICO
INVERSIONES
INCENTIVOS FISCALES
REINO UNIDO
Liu, Li
American Economic Journal. Economic Policy 1945-7731 v. 11, n. 1, February 2019, p. 266-291