Article
R&D tax incentives in EU countries: Does the impact vary with firm size
Small Business Economics, Forthcoming
(2018)
Abstract
This paper studies the effect of R&D tax incentives on the research activity of manufacturing firms based in France, Italy, Spain and the UK, over the period 2007–2009. Using a matching procedure, we show that, in all the examined countries but Spain, R&D tax incentives induced a statistically significant increase in the intensity of R&D expenses over sales. However, this effect is driven only by the behaviour of small firms. By assessing the benefit-cost ratio of R&D tax policies, we find evidence of substantial additional effects in Italy and the UK.
Disciplines
Publication Date
2018
Citation Information
Alessandro Sterlacchini and Francesco Venturini. "R&D tax incentives in EU countries: Does the impact vary with firm size" Small Business Economics, Forthcoming (2018) Available at: http://works.bepress.com/francesco_venturini/42/