Trends in UK BERD after the Introduction of R&D Tax Credits

Steve R. Bond (steve.bond@economics.ox.ac.uk) and Irem Guceri (irem.guceri@economics.ox.ac.uk)
Additional contact information
Steve R. Bond: Nuffield College, Department of Economics and Centre for Business Taxation, University of Oxford, UK, and Institute for Fiscal Studies.
Irem Guceri: St Peter?s College, Department of Economics and Centre for Business Taxation, University of Oxford

No 1201, Working Papers from Oxford University Centre for Business Taxation

Abstract: This paper documents the increase in R&D intensity in the UK manufacturing sector in the period following the introduction of R&D tax credits in 2000-02. This increase is broadly in line with that predicted by econometric studies of the impact of R&D tax credits, notably Bloom, Griffith and Van Reenen (2002). If anything, UK manufacturing R&D intensity has risen faster than their model predicts. The timing of this increase is not simply explained by trends in neighbouring economies, although one puzzle is that the increase is largely confined to high tech sub-sectors of manufacturing.

Keywords: R&D; tax credits (search for similar items in EconPapers)
JEL-codes: H25 O31 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-ino and nep-tid
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Citations: View citations in EconPapers (13)

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