| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22908 |
| 来源ID | Working Paper 22908 |
| Optimal Taxation and R&D Policies | |
| Ufuk Akcigit; Douglas Hanley; Stefanie Stantcheva | |
| 发表日期 | 2016-12-12 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We study the optimal design of corporate taxation and R&D policies as a dynamic mechanism design problem with spillovers. Firms have heterogeneous research productivity, and that research productivity is private information. There are non-internalized technological spillovers across firms, but the asymmetric information prevents the government from correcting them in the first best way. We highlight that key parameters for the optimal policies are i) the relative complementarities between observable R&D investments, unobservable R&D inputs, and firm research productivity, ii) the dispersion and persistence of firms’ research productivities, and iii) the magnitude of technological spillovers across firms. We estimate our model using firm-level data matched to patent data and quantify the optimal policies. In the data, high research productivity firms get disproportionately higher returns to R&D investments than lower productivity firms. Very simple innovation policies, such as linear corporate taxes combined with a nonlinear R&D subsidy–which provides lower marginal subsidies at higher R&D levels–can do almost as well as the unrestricted optimal policies. Our formulas and theoretical and numerical methods are more broadly applicable to the provision of firm incentives in dynamic settings with asymmetric information and spillovers, and to firm taxation more generally. |
| 主题 | Public Economics ; Taxation ; Development and Growth ; Development ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w22908 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580581 |
| 推荐引用方式 GB/T 7714 | Ufuk Akcigit,Douglas Hanley,Stefanie Stantcheva. Optimal Taxation and R&D Policies. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22908.pdf（1933KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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