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Sectors and the additionality effects of R&D tax credits: A cross-country microeconometric analysis

Isabel Maria Bodas Freitas, Fulvio Castellacci, Roberto Fontana (), Franco Malerba and Andrea Vezzulli ()

Research Policy, 2017, vol. 46, issue 1, 57-72

Abstract: Do the additionality effects of R&D tax credits vary across sectors? The paper presents a micro- econometric analysis of this question for three countries: Norway, Italy and France. We use a panel of firm-level data from three waves of the Innovation Surveys carried out in these countries for 2004, 2006 and 2008. The study estimates input and output additionality effects of R&D tax credits in each of these economies, and it investigates how these effects differ across sectors characterized by different R&D orientation and competition conditions. The results point out that firms in industries with high R&D orientation have on average higher propensity to apply to R&D fiscal incentives schemes and stronger input and output additionality effects. Output additionality is found to differ among the three examined countries.

Keywords: R&D policy; R&D tax credits; Input additionality; Output additionality; Pavitt taxonomy; Market concentration (search for similar items in EconPapers)
JEL-codes: H25 H32 O32 O38 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1016/j.respol.2016.10.002

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