Do the effects of R&D tax credits vary across industries? A meta-regression analysis

Research Policy

Volumn 44, Issue 4, 2015, Pages 819-832

  Castellacci, Fulvio ^a   Lie, Christine Mee ^a  

^a UNIVERSITY OF OSLO   (Norway)

Author keywords

Meta regression analysis; R D policy; R D tax credits; Sectors

Indexed keywords

ECONOMIC ANALYSIS; REGRESSION ANALYSIS;

D-POLICY; INCREMENTAL SCHEME; INNOVATION ACTIVITY; SECTORS; SERVICE SECTORS; TAX CREDITS;

TAXATION;

EID: 84925831647     PISSN: 00487333     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.respol.2015.01.010     Document Type: Conference Paper

References (62)

1. P. Aghion Competition and growth with step-by-step innovation: an example European Economic Review, Papers and Proceedings 1997 771 782
2. P. Aghion Competition and innovation: an inverted U relationship Q. J. Econ. 120 2 2005 701 728
3. R. Baghana, and P. Mohnen Effectiveness of R&D tax incentives in small and large enterprises in Quèbec Small Bus. Econ. 33 2009 91 107
4. P.G. Berger Explicit and implicit tax effects of the R&D tax credit J. Account. Res. 31 2 1993 131 171
5. B.A. Billings, and Y. Fried The effects of taxes and organizational variables on research and development intensity R&D Manage. 29 3 1999 289 301
6. B.A. Billings The role of taxes in corporate research and development spending R&D Manage. 31 4 2001 465 477
7. N. Bloom, R. Griffith, and J. Van Reenen Do R&D tax credits work? Evidence from a panel of countries 1979-1997 J. Public Econ. 85 2002 1 31
8. A. Cappelen, A. Raknerud, and M. Rybalka The effects of R&D tax credits on patenting and innovations Res. Policy 41 2012 334 345
9. F. Castellacci Technological paradigms, regimes and trajectories: manufacturing and service industries in a new taxonomy of sectoral patterns of innovation Res. Policy 37 2008 978 994
10. F. Castellacci, and J. Zheng Technological regimes, schumpeterian patterns of innovation and firm-level productivity growth Ind. Corp. Change 19 6 2010 1829 1865
11. F. Castellacci How does competition affect the relationship between innovation and productivity? Estimation of a CDM model for Norway Econ. Innovation New Technol. 20 7 2011 637 658
12. G. Cerulli, and B. Poti Designing ex-post assessment of corporate RDI policies: conceptualization, indicators and modeling World Rev. Sci. Technol. Sustain. Dev. 9 2012 2 4
13. Corchuelo, M.B., Martìnez-Ros, E., 2009. The effects of discal incentives for R&D in Spain. Business Economic Series Working Paper 02.
14. D. Czarnitzki, P. Hanel, and J.M. Rosa Evaluating the impact of R&D tax credits on innovation: a microeconometric study on Canadian firms Res. Policy 40 2011 217 229
15. Dagenais M., et al. 1997. Do Canadian firms respond to fiscal incentives to research and development? CIRANO Scientific Series.
16. P. David Is public R&D a complement or substitute for private R&D? A review of the econometric evidence Res. Policy 29 2000 497 529
17. G. Dosi Technological paradigms and technological trajectories Res. Policy 11 1982 147 162
18. C. Doucouliagos, and T.D. Stanley Publication selection bias in minimum-wage research? A meta regression analysis Br. J. Ind. Relat. 47 2009 406 428
19. Duguet, E., 2012. The effect of the R&D tax credit on the private funding of R&D: en econometric evaluation on French firm level data. ERUDITE Working Paper.
20. M. Egger Bias in meta-analysis detected by a simple graphical test Br. Med. J. 316 1997 629 634
21. R. Fischer Statistical Methods for Research Workers 1954 Oliver and Boyd Edinburgh
22. J. Garcia-Quevedo Do public subsidies complement business R&D? A meta-analysis of the econometric evidence Kyklos 57 1 2004 87 102
23. P.A. Geroski Innovation, technological opportunity and market structure Oxford Econ. Papers 42 3 1990 586 602
24. B.H. Hall R&D tax policy during the: sucess or failure? Tax Policy Econ. 7 1993 1 35
25. B. Hall, and J. Van Reenen How effective are fiscal incentives for R&D? A review of the evidence Res. Policy 29 2000 449 469
26. R. Harris Is a higher rate of R&D tax credit a panacea for low levels of R&D in disadvantaged regions? Res. Policy 38 2009 192 205
27. Hines, J.R., 1993. On the sensitivity of R&D to delicate tax changes: The behaviour of U.S. multinationals in the 1980. NBER Working Paper Series 3930.
28. Y. Ho Evaluating the effectiveness of state R&D tax credits Graduate School of Public and International Affairs 2006 University of Pittsburgh
29. C.-H. Huang Three essays on the innovation behaviour of Taiwan's manufacturing firms Graduate Institute of Industrial Economics 2009 National Central University Taiwan
30. Hægeland, T., Møen, J., 2007. Input additionality in the Norwegian R&D tax credit scheme. Statistics Norway Reports.
31. Ientile, D. Mairesse, J., 2009. A policy to boost R&D: does the R&D tax credit work? EIB Papers 14: 144-169.
32. H. Kasahara Does R&D tax credit affect R&D expenditure? The Japanese tax credit reform in 2003 J. Jpn. Int. Econ. 2013
33. K.J. Klassen A cross-national comparison of R&D expenditure decisions: tax incentives and financial constraints Contemp. Account. Res. 21 3 2004 639 680
34. T. Koga Firm size and R&D tax incentives Technovation 23 2003 643 648
35. C.-Y. Lee The differential effects of public R&D support on firm R&D: theory and evidence from multi-country data Technovation 31 2011 256 269
36. Lokshin B. Mohnen, P., 2007. Measuring the effectiveness of R&D tax credits in the Netherlands. UNU-MERIT Working Paper Series 025.
37. B. Lokshin, and P. Mohnen How effective are level-based R&D tax credits? Evidence from the Netherlands Appl. Econ. 44 12 2012 1527 1538
38. B.A. Lundvall, and S. Borràs Science, technology and innovation policies J. Fagerberg, D.C. Mowery, R.R. Nelson, The Oxford Handbook of Innovation 2005 Oxford University Press Oxford
39. F. Malerba How innovation differ across sectors and industries J. Fagerberg, D.C. Mowery, R.R. Nelson, The Oxford Handbook of Innovation 2005 Oxford University Press Oxford
40. Mercer-Blackman, V., 2008. The impact of research and development tax incentives on Colombia's manufacturing sector: what difference do they make? IMF Working Paper 178.
41. Mohnen, P., Lokshin, B., 2009. What does it take for an R&D tax incentive policy to be effective? CIRANO Scientific Series 2009-11.
42. Mulkay, B., Mairesse, J., 2003. The effect of the R&D tax credit in France. LEREPS and UNU-MERIT, draft.
43. Mulkay, B., Mairesse, J. 2008. Financing R&D through tax credit in France. LEREPS and UNU-MERIT, draft.
44. Mulkay B., Mairesse, J., 2013. The R&D tax credit in France: assessment and ex ante evaluation of the 2008 reform. NBER Working Paper Series 19073.
45. G. Nicoletti, and S. Scarpetta Regulation, productivity and growth: OECD evidence Econ. Policy 18 2004 9 72
46. OECD R&D Tax Incentives: Rationale, Design, Evaluation 2010 OECD Paris
47. L.A. Paff Does the alternate incremental credit affect firm R&D? Technovation 24 2004 41 52
48. L.A. Paff State-level R&D tax credits: a firm-level analysis Topics Econ. Anal. Policy 5 1 2005
49. M.L. Parisi, and A. Sembenelli Is private R&D spending sensitive to its price? Empirical evidence on panel data for Italy Empirica 30 2003 357 377
50. Parsons, M. Phillips, N., 2007. An evaluation of the federal tax credit for scientific research and experimental development. Department of Finance Working Paper 2007-08.
51. K. Pavitt Sectoral patterns of technical change: towards a taxonomy and a theory Res. Policy 13 1984 343 373
52. Poot, T., et al. 2003. Evaluation of a major Dutch tax credit scheme (WBSO) aimed at promoting R&D. Working Paper.
53. Rao, N., 2013. Do tax credits stimulate R&D spending? The effects of the R&D tax credit in its first decade. NYU Wagner Research Paper No.2,272,174
54. T.D. Stanley Meta-regression methods for detecting and estimating empirical effects in the presence of publication selection Oxford Bull. Econ. Stat. 70 2008 103 127
55. C.W. Swenson Some tests of the incentive effects of the research and experimentation tax credit J. Public Econ. 49 1992 203 218
56. J. Tang Competition and innovation behaviour Res. Policy 35 2006 68 82
57. R. Thomson Measures of R&D tax incentives for OECD countries Rev. Econ. Inst. 4 2013 1 35
58. N.V. Tunzelmann, and V. Acha Innovation in 'low-tech' industries J. Fagerberg, D.C. Mowery, R.R. Nelson, The Oxford Handbook of Innovation 2005 Oxford University Press Oxford
59. J.-C. Wang, and K.-H. Tsai The impact of research and development promotion schemes in the Taiwanese electronic component industry R&D Manage. 28 2 1998 119 124
60. R. Wieser Research and development productivity and spillovers: empirical evidence at the firm level J. Econ. Surv. 19 4 2005 587 621
61. C.-H. Yang Tax incentives and R&D activity: firm-level evidence from Taiwan Res. Policy 41 2012 1578 1588
62. K. Yohei Effect of R&D tax credits for SMEs in Japan: a microeconometric analysis focused on liquidity constraints Small Bus. Econ. 2013