How effective are level-based R&D tax credits? Evidence from the Netherlands

Applied Economics

Volumn 44, Issue 12, 2012, Pages 1527-1538

  Lokshin, Boris ^a   Mohnenb, Pierre ^b  

^a UNU MERIT   (Netherlands)

^b Faculty of Economics and Business Administration   (Netherlands)

Author keywords

[No Author keywords available]

Indexed keywords

CAPITAL; ECONOMETRICS; FISCAL POLICY; INCENTIVE; INVESTMENT; PANEL DATA; RESEARCH AND DEVELOPMENT; TAX SYSTEM;

NETHERLANDS;

EID: 80051769555     PISSN: 00036846     EISSN: 14664283     Source Type: Journal    
DOI: 10.1080/00036846.2010.543083     Document Type: Article

References (24)

1. Bernstein, J. (1986) The effect of direct and indirect tax incentives on Canadian industrial R&D expenditures, Canadian Public Policy, 12, 438-48.
2. Bloom, N., Griffith, R. and van Reenen, J. (2002) Do R&D tax credits work? Evidence from a panel of OECD countries 1979-1997, Journal of Public Economics, 85, 1-31.
3. Chirinko, R., Fazzari, S. and Meyer, A. (1999) How responsive is business capital formation to its user cost? An exploration with micro data, Journal of Public Economics, 74, 53-80.
4. Corchuelo, B. and Martínez-Ros, E. (2009) The effects of fiscal incentives for R&D in Spain, Business Economics Working Papers wb092302, Departamento de Economía de la Empresa, Universidad Carlos III.
5. Czarnitzki, D., Hanel, P. and Rosa, J. (2004) Evaluating the impact of R&D tax credit on innovation: a microeconometric study on Canadian firms, ZEW Discussion Paper No. 04-77, Zentrum für Europäische Wirtschaftsforschung.
6. Dagenais, M., Mohnen, P. and Therrien, P. (2004) Les firmes Canadiennes répondent-elles aux incitations fiscales à la recherche-développement?, Actualité Économique, 80, 175-206.
7. de Jong, J. and Verhoeven, W. (2007) WBSO evaluation 2001-2005: impacts, target group reach and implementation, Research Series, Ministry of Economic Affairs, The Hague, The Netherlands.
8. Duguet, E. (2007) L'effet du crédit d'impôt recherche sur le financement privéde la recherche: une évaluation économétrique, mimeo.
9. Falk, M. (2006) What drives business Research and Development (R&D) intensity across Organization for Economic Co-operation and Development (OECD) countries?, Applied Economics, 38, 533-47.
10. Hægeland, T. and Møen, J. (2007) Input additionality in the Norwegian R&D tax credit scheme, reports 2007/47, Statistics Norway.
11. Hall, B. (1993) R&D tax policy during the eighties: success or failure?, Tax Policy and the Economy, 7, 1-36.
12. Hall, B. and van Reenen, J. (2000) How effective are fiscal incentives for R&D? A review of the evidence, Research Policy, 29, 449-69.
13. Jaumotte, F. and Pain, N. (2005) From ideas to development: the determinants of R&D and patenting, OECD Economics Department Working Paper No. 457.
14. Klette, T. and Griliches, Z. (1996) The inconsistency of common scale estimators when output prices are unobserved and endogenous, Journal of Applied Econometrics, 11, 343-61.
15. Lokshin, B. and Mohnen, P. (2010) How effective are levelbased R&D tax credits? Evidence from the Netherlands, UNU-MERIT Working Paper No. 2010-40.
16. Maddala, G. and Wu, S. (1999) A comparative study of unit root tests with panel data and a new simple test, Oxford Bulletin of Economics and Statistics, 61, 631-52.
17. Mairesse, J. and Mulkay, B. (2004) Une évaluation du crédit d'impôt recherche en France, 1980-1997, Revue d'Economie Politique, 114, 747-78.
18. Mamuneas, T. and Nadiri, M. (1996) Public R&D policies and cost of behavior of the US manufacturing industries, Journal of Public Economics, 63, 57-81.
19. Mohnen, P. and Lokshin, B. (2010) What does it take for an R&D tax incentive policy to be effective?, in Reforming Rules and Regulations (Ed.) Vivek Ghosal, MIT Press, Cambridge, pp. 33-58.
20. Nadiri, M. and Rosen, S. (1969) Interrelated factor demand functions, American Economic Review, 79, 674-89.
21. Organization for Economic Co-operation and Development (2007) STI Scoreboard 2007, OECD, Paris.
22. Parsons, M. and Phillips, N. (2007) An evaluation of the federal tax credit for scientific research and experimental development, Working Paper No. 2007-08, Department of Finance, Finance Canada, Ottawa.
23. Russo, B. (2004) A cost-benefit analysis of R&D tax incentives, Canadian Journal of Economics/Revue Canadienne d'Economique, 37, 315-35.
24. Wilson, D. (2007) Beggar thy neighbor? The in-state, out-of-state and aggregate effects of R&D tax credits, Federal Reserve Bank of San Francisco Working Paper Series.