| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16702 |
| DP16702 Profit Taxation, R&D Spending, and Innovation | |
| Andreas Lichter; Max Löffler; Ingo E. Isphording; Thu-Van Nguyen; Felix Poege; Sebastian Siegloch | |
| 发表日期 | 2021-11-08 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We study how profit taxation affects plants’ R&D spending and innovation activities. Relying on geocoded survey panel data which approximately covers the universe of R&D-active plants in Germany, we exploit around 7,300 changes in the municipal business tax rate over the period 1987–2013 for identification. Applying event study models, we find a negative and statistically significant effect of an increase in profit taxation on plants’ R&D spending with an implied long-run elasticity of -1.25. Reductions in R&D are particularly strong among more credit-constrained plants. In contrast, homogeneity of effects across the plant size distribution questions policy makers common practice to link targeted R&D tax incentives to plant size. We further find lagged negative effects on the (citation-weighted) number of filed patents. |
| 主题 | Public Economics |
| 关键词 | Corporate taxation Firms R&d Innovation Patents |
| URL | https://cepr.org/publications/dp16702 |
| 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/545638 |
| 推荐引用方式 GB/T 7714 | Andreas Lichter,Max Löffler,Ingo E. Isphording,et al. DP16702 Profit Taxation, R&D Spending, and Innovation. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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