Please use this identifier to cite or link to this item:

Title: Why are Tax Incentives Increasingly Used to Promote Private R&D?
Authors: Carvalho, Adão
Editors: Papanikos, Gregory
Keywords: Tax incentives
business R&D
R&D policy
R&D competition
Rationale of public support of business R&D
Issue Date: 2012
Citation: Carvalho, Adão (2012), Why are Tax Incentives Increasingly Used to Promote Private R&D?, in Gregory T. Papanikos (Ed.), Economic Essays, Ch. 10, pp. 113- 130, ATINER - Athens Institute for Education and Research, Athens.
Abstract: Although not new, tax incentives have known major changes over recent years and it is becoming an increasingly important instrument in the policy mix to stimulate private R&D in many countries around the world. The OECD reports three major trends: The implementation of R&D tax incentives schemes by a growing number of OECD and non-OECD countries; A steady substitution of direct funding schemes for tax incentives schemes to stimulate business R&D; The many changes to tax incentives schemes most countries have done to increase the levels of generosity and attractiveness. This paper attempts to explain the motives behind these trends in R&D policy to stimulate private R&D and takes a multi-level approach as the issue involves political, strategic and economic considerations. The reasons behind the growing preference for tax incentives go much beyond any possible advantage these policies might have over direct measures, and are also the consequence of a political change in the EU R&D policy after the Lisbon Strategy and the subsequent actions to stimulate R&D expenditures, a change in the economic rationale of public support of private R&D in face of the insufficiency of market failures to justify that public intervention in a new context characterised by a public determination to increase the amount of business R&D expenditures, and the growing competition between countries for international R&D investment.
ISBN: 978-960-9549-84-4
Type: article
Appears in Collections:ECN - Artigos em Livros de Actas/Proceedings
CEFAGE - Artigos em Livros de Actas/Proceedings

Files in This Item:

File Description SizeFormat
Economic Essays_Why are Tax Incentives Increasingly Used to Promote Private R&D.pdf374.21 kBAdobe PDFView/Open
FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpaceOrkut
Formato BibTex mendeley Endnote Logotipo do DeGóis 

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.


Dspace Dspace
DSpace Software, version 1.6.2 Copyright © 2002-2008 MIT and Hewlett-Packard - Feedback
UEvora B-On Curriculum DeGois