The additionality of R&D tax policy: Quasi-experimental evidence*

被引：13

作者：

Holt, Jared ^{[1
]}

Skali, Ahmed ^{[2
]}

Thomson, Russell ^{[3
]}

机构：

[1] Australian Govt Dept Ind Innovat & Sci, Canberra, ACT, Australia

[2] Univ Groningen, Groningen, Netherlands

[3] Swinburne Univ Technol, Melbourne, Vic, Australia

来源：

TECHNOVATION | 2021年 / 107卷

关键词：

R&D tax policy; Firm-level; Innovation; Difference-in-Differences; DEVELOPMENT SUBSIDIES; FISCAL INCENTIVES; DUMMY VARIABLES; INVESTMENT; CREDIT;

D O I：

10.1016/j.technovation.2021.102293

中图分类号：

T [工业技术];

学科分类号：

08 ;

摘要：

Despite the prevalence of R&D tax incentives, the amount of additional investment induced by each dollar of tax revenue forgone remains contested. It is notoriously difficult to identify the impact of R&D tax incentives because all firms are potentially eligible and because benefit and investment are jointly determined. Using comprehensive, firm-level data, we apply difference-in-difference analysis around a significant policy reform in Australia in 2012. We find that firms invest an additional $1.90 for every dollar of tax revenue forgone.

引用

页数：6

共 34 条

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