Lokshin, Boris; Mohnen, Pierre - Centre Interuniversitaire de Recherche en Analyse des … - 2007
This paper examines the impact of the Dutch R&D fiscal incentive program, known as WBSO, on R&D capital formation. Taking a factor-demand approach we measure the elasticity of firm R&D capital accumulation to its user cost. An econometric model is estimated using a rich unbalanced panel covering...