Effectiveness of fiscal incentives for R&D quasi - experimental evidence by Irem Guceri and Li Liu
By: Guceri, Irem
.
Contributor(s): Liu, Li.
Material type: 
ArticlePublisher: 2019Subject(s): INVESTIGACION CIENTIFICA | DESARROLLO TECNOLOGICO | INVERSIONES | INCENTIVOS FISCALES | REINO UNIDOOnline resources: Click here to access online
In:
American Economic Journal. Economic Policy v. 11, n. 1, February 2019, p. 266-291Summary: 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.
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| Artículos | IEF | IEF | OP 2135/2019/1-2 (Browse shelf) | http://resolver.ebscohost.com/openurl?sid=EBSCO:eoh&genre=article&issn=19457731&ISBN=&volume=11&issue=1&date=20190201&spage=266&pages=266-291&title=American%20Economic%20Journal:%20Economic%20Policy&atitle=Effectiveness%20of%20Fiscal%20Incentives%20for%20 | Available | OP 2135/2019/1-2 |
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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.
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