全球智库信息集成服务系统(G2TT): DP13167 Taxation and Innovation in the 20th Century

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP13167
	DP13167 Taxation and Innovation in the 20th Century
	Ufuk Akcigit; John Grigsby; Tom Nicholas
发表日期	2018-10-16
出版年	2018
语种	英语
摘要	This paper studies the effect of corporate and personal taxes on innovation in the United States over the twentieth century. We build a panel of the universe of inventors who patent since 1920, and a historical state-level corporate tax database with corporate tax rates and tax base information, which we link to existing data on state-level personal income taxes and on other economic outcomes. Our analysis focuses on the impact of personal and corporate income taxes on individual inventors (the micro level) and on states (the macro level), considering the quantity and quality of innovation, its location, and the share produced by the corporate rather than the non-corporate sector. We propose several identification strategies, all of which yield consistent results. We find that higher taxes negatively impact the quantity and the location of innovation, but not average innovation quality. The state-level elasticities to taxes are large and consistent with the aggregation of the individual level responses of innovation produced and cross-state mobility. Corporate taxes tend to especially affect corporate inventors' innovation production and cross-state mobility. Personal income taxes significantly affect the quantity of innovation overall and the mobility of inventors.
主题	Economic History ; Macroeconomics and Growth ; Public Economics
关键词	Innovation Income taxes Corporate taxation Firms Inventors State taxation Business taxation R&d tax credits
URL	https://cepr.org/publications/dp13167-1
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/542054
推荐引用方式 GB/T 7714	Ufuk Akcigit,John Grigsby,Tom Nicholas. DP13167 Taxation and Innovation in the 20th Century. 2018.