&D investment over total investment is countercyclical without credit constraints, but it becomes more procyclical as firms face …; (iii) in more credit constrained firms, R&D investment share plummets during recessions but does not increase … proportionally during upturns; (iv) average R&D investment and productivity growth are more negatively correlated with sales …

. We use new French tax returns data on the self-employed from 1994 to 2012. France has three fiscal regimes for the self …

own understanding of the tax system. We use new French tax returns data from 1994 to 2012. France serves as a good quasi …

own understanding of the tax system. We use new French tax returns data from 1994 to 2012. France serves as a good quasi …