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Tax Credits and Small Firm R&D Spending / Ajay Agrawal, Carlos Rosell, Timothy S. Simcoe.
- Format:
- Book
- Author/Creator:
- Agrawal, Ajay.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w20615.
- NBER working paper series no. w20615
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- In 2004, Canada changed the eligibility rules for its Scientific Research and Experimental Development (SRED) tax credit, which provides tax incentives for R&D conducted by small private firms. Difference in difference estimates show a seventeen percent increase in total R&D among eligible firms. The impact was larger for firms that took the tax credits as refunds because they had no current tax liability. Contract R&D expenditures were more elastic than the R&D wage bill. The response was also greater for firms that invested in R&D capital before the policy change.
- Notes:
- Print version record
- October 2014.
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