State R&D Tax Credits and High-Technology Establishments

Yonghong Wu

Economic Development Quarterly, 2008, vol. 22, issue 2, 136-148

Abstract: This empirical research examines the effects of state research and development (R&D) tax credits on the size of the high-technology business sector. In addition to a description of federal and state R&D tax credit programs, this article estimates a model that relates each of the two alternate measures of high-technology establishments in each state to state R&D tax credit, controlling for other factors. The results show that the initiation of a state R&D tax credit has significant and positive effects on the number of the state's high-technology establishments relative to its population or total business establishments. This research provides empirical evidence about the role of state R&D tax incentives in technology-based economic development.

Keywords: R&D tax credit; economic development; high technology; business establishment (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecdequ:v:22:y:2008:i:2:p:136-148

DOI: 10.1177/0891242408316728

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