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The R&D Tax Credit in France: Assessment and Ex-Ante Evaluation of the 2008 Reform / Benoît Mulkay, Jacques Mairesse.
- Format:
- Book
- Author/Creator:
- Mulkay, Benoît.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w19073.
- NBER working paper series no. w19073
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- This article presents an econometric analysis of the direct effects of the R&D tax credit (RTC) on private R&D in France and proposes an ex ante evaluation of the major reform implemented in 2008. We first estimate an error correction model of a dynamic R&D demand function on a large panel data of R&D doing firms, obtaining a preferred estimate of -0.4 for the long run elasticity of the user cost of R&D capital. We then perform a micro-simulation of the effects of the 2008 RTC reform that shows that the implicit long run budget multiplier would be about 0.7.
- Notes:
- Print version record
- May 2013.
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