EconPapers    
Economics at your fingertips  
 

¿Todos los caminos llevan a Roma? Incentivos fiscales, ayudas directas y la inversión empresarial en I+D

Isabel Busom (), Beatriz Corchuelo Martínez-Azúa () and Ester Martínez-Ros ()

EKONOMIAZ. Revista vasca de Economía, 2015, vol. 88, issue 02, 262-281

Abstract: To what extent can direct support and tax incentives for business R&D reach the goal of increasing private investment in knowledge? Is reception of each type of support related to the potential market failures that justify their existence? Do the same firms benefit from them over time or is there renewal? We analyze two data sets of Spanish industrial companies and find that there are significant differences between the variables that influence access to tax deductions and to direct support. We also detect a high level of persistence in their use. These findings call into question the effectiveness of these instruments, as designed, in stimulating more innovation, especially in the case of tax incentives, if they are not conducted jointly with other, complementary policies.

Keywords: R+D; innovation policy; tax; incentives; direct aids (search for similar items in EconPapers)
JEL-codes: H25 L26 L60 O31 O38 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.ogasun.ejgv.euskadi.net/r51-k86aekon/es ... dpubl=84&registro=13 complete text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekz:ekonoz:2015209

Ordering information: This journal article can be ordered from
Dpto. de Hacienda y Finanzas, Gobierno Vasco, C/Donostia-San Sebastián, 1, 01010 Vitoria-Gasteiz, Spain

Access Statistics for this article

More articles in EKONOMIAZ. Revista vasca de Economía from Gobierno Vasco / Eusko Jaurlaritza / Basque Government Contact information at EDIRC.
Bibliographic data for series maintained by Iñaki Treviño ().

 
Page updated 2021-01-13
Handle: RePEc:ekz:ekonoz:2015209