| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24749 |
| 来源ID | Working Paper 24749 |
| Notching R&D Investment with Corporate Income Tax Cuts in China | |
| Zhao Chen; Zhikuo Liu; Juan Carlos Suárez Serrato; Daniel Yi Xu | |
| 发表日期 | 2018-06-25 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We study a Chinese policy that awards substantial tax cuts to firms with R&D investment over a threshold or “notch.” Quasi-experimental variation and administrative tax data show a significant increase in reported R&D that is partly driven by firms relabeling expenses as R&D. Structural estimates show relabeling accounts for 24.2% of reported R&D and that productivity increases by 9% when real R&D doubles. Policy simulations show firm selection and relabeling determine the cost-effectiveness of stimulating R&D, that notch-based policies are more effective than tax credits when relabeling is prevalent, and that modest spillovers justify the program from a welfare perspective. |
| 主题 | Public Economics ; Taxation ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w24749 |
| 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/582421 |
| 推荐引用方式 GB/T 7714 | Zhao Chen,Zhikuo Liu,Juan Carlos Suárez Serrato,et al. Notching R&D Investment with Corporate Income Tax Cuts in China. 2018. |
| 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 | ||
| w24749.pdf（1011KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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