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Does an R&D Tax Credit Affect R&D Expenditure? The Japanese R&D Tax Credit Reform in 2003
Kasahara, Hiroyuki; Shimotsu, Katsumi; Suzuki, Michio - CESifo - 2013
To what extent does a tax credit affect firms’ R&D activity? What are the mechanisms? This paper examines the effect of R&D tax credits on firms’ R&D expenditure by exploiting the variation across firms in the changes in the eligible tax credit rate between 2000 and 2003. Estimating the...
Persistent link: https://www.econbiz.de/10010877675
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Environmental Policy Design and the Fragmentation of International Markets for Innovation
Johnstone, Nick; Hascic, Ivan - CESifo - 2009
It has long been argued that the implementation of market-based environmental policy instruments such as environmentally-related taxes and tradable permits is likely to lead to greater technological innovation than more direct forms of regulation such as technology-based standards. One of the...
Persistent link: https://www.econbiz.de/10005000383
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Complementarity of Innovation Policies in the Brazilian Industry: An Econometric Study
Strube, Eduardo; Resende, Marcelo - CESifo - 2009
The paper aims at assessing discrete complementarities in innovation policies in the context of the Brazilian industry in 2003. The paper considers the approach advanced by Mohnen and and Röller [European Economic Review, 2005] that focuses on supermodularity and submodularity tests for...
Persistent link: https://www.econbiz.de/10008534024
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Financial Constraints and other Obstacles: Are they a Threat to Innovation Activity?
Loeff, Sybrand Schim van der; Mohnen, Pierre; Palm, Franz; … - CESifo - 2008
In this paper we examine the importance of financial and other obstacles to innovation in the Netherlands using statistical information from the CIS 3.5 innovation survey. We report results on the effect of these obstacles on the firms’ decision to abandon, prematurely stop, seriously slow...
Persistent link: https://www.econbiz.de/10005406079
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Employment Protection and the Market for Innovations
Bastgen, Andreas; Holzner, Christian - CESifo - 2015
We study the effects of employment protection taking into account that firms can invest in R&D or buy new technologies in order to restore their productivity. To do so we develop an equilibrium matching model with an imperfect labor and innovation market. If employment protection is introduced,...
Persistent link: https://www.econbiz.de/10011210787
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Entrepreneurial Innovations and Taxation
Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - CESifo - 2011
In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...
Persistent link: https://www.econbiz.de/10009024844
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Innovation, Trade, and Finance
Egger, Peter; Keuschnigg, Christian - CESifo - 2011
This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are...
Persistent link: https://www.econbiz.de/10009228619
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Application of Regionally Varying Additionality Degrees in the Practice of EU Cohesion Policy
Nam, Chang Woon; Wamser, Georg - CESifo - 2010
The additionality principle says that the funds of the European Union should not replace, but be an addition to … study examines how such additionality degrees are determined. Our findings indicate that the regional variation of … additionality degrees is largely in line with EU cohesion policy goals. Most notably, higher shares of EU funds are provided to …
Persistent link: https://www.econbiz.de/10008534011
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The Role of Fiscal Instruments in Environmental Policy
Kosonen, Katri; Nicodème, Gaëtan J.A. - CESifo - 2009
Environmental protection is one of Europe's key values. The EU has set clear policy objectives to achieve its environmental goals. The EU has favoured market-based instruments, among which fiscal instruments to tackle the climate change problem. This paper takes a policy-making perspective and...
Persistent link: https://www.econbiz.de/10005013063
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How Do Local Governments Decide on Public Policy in Fiscal Federalism? Tax vs. Expenditure Optimization
Köthenbürger, Marko - CESifo - 2008
Previous literature widely assumes that taxes are optimized in local public finance while expenditures adjust residually. This paper endogenizes the choice of the optimization variable. In particular, it analyzes how federal policy toward local governments influences the way local governments...
Persistent link: https://www.econbiz.de/10005765974