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The Effects of Fiscal Incentives for R & D in Spain

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorCorchuelo, Beatriz
dc.contributor.authorMartínez-Ros, Ester
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía de la Empresa
dc.date.accessioned2009-03-30T18:58:45Z
dc.date.available2009-03-30T18:58:45Z
dc.date.issued2009-03
dc.description.abstractThis paper explores the effect of fiscal incentives for R&D on innovation. Spain is considered one of the most generous countries in the OECD in fiscal treatment of R&D, yet our data reveal that tax incentives are little known and, especially, seldom used by firms. Restricting our empirical analysis to those firms that do report knowing about such incentives, we investigate the average effect of tax incentives on innovation, using both nonparametric methods (matching estimators) and parametric methods (Heckman’s two-step selection model with instrumental variables). First, we find that large firms, especially those that implement innovations, are more likely to use the tax incentives, while small and medium enterprises (SMEs) encounter some obstacles to using them. Secondly, the average effect of the policy is positive, but significant only in large firms. Our main conclusion is that tax incentives increase innovative activities by large and high-tech sector firms, but may be used only randomly by SMEs
dc.format.mimetypeapplication/pdf
dc.identifier.repecwb092302
dc.identifier.urihttps://hdl.handle.net/10016/3870
dc.language.isoeng
dc.relation.ispartofseriesBusiness Economic Series
dc.relation.ispartofseries09-23
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEmpresa
dc.subject.jelO31
dc.subject.jelH25
dc.subject.jelH32
dc.subject.otherR&D fiscal incentives
dc.subject.otherMatching methods
dc.titleThe Effects of Fiscal Incentives for R & D in Spain
dc.typeworking paper*
dspace.entity.typePublication
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