This article presents an econometric analysis of the direct effects of the R&D tax credit (RTC) on private R&D in France and proposes an ex ante evaluation of the major reform implemented in 2008. We first estimate an error correction model of a dynamic R&D demand function on a large panel data...

[ger] Mit diesem Artikel wird ein zweifaches Ziel verfolgt : Überblick über die Entwicklung der Strategie bei der Modellierung und Schatzung der Investitionstatigkeit anhand individueller Unternehmensdaten sowie Vergleich des Investitionsverhalten der französischen und US-amerikanischen...

We construct company panel data sets for manufacturing firms in Belgium, France, Germany, and the United Kingdom, covering the period 1978-1989. These data sets are used to estimate empirical investment equations, and to investigate the role played by financial factors in each country. A robust...

The aim of this article is to evaluate the effect of the cost of R&D capital, and more particularly of the taxcredit on R&D expenditures, introduced in France since 1983, as a fiscal incentive to private R&D. A user cost of R&Dcapital is derived with imperfect capital markets, corporate and...