¿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
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)
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