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We exploit a change in eligibility rules for the Canadian Scientific Research and Experimental Development (SRED) tax credit to gain insight on how tax credits impact small-firm R&D expenditures. After a 2004 program change, privately owned firms that became eligible for a 35 percent tax credit...
Persistent link: https://www.econbiz.de/10012458050
We use a change in Canadian tax law to examine how small private firms respond to the R&D tax credit. Our estimates imply an R&D user-cost elasticity above unity. Contract R&D expenditures are more elastic than the R&D wage bill. Firms that perform contract research or recently invested in R&D...
Persistent link: https://www.econbiz.de/10012958868
In 2004, Canada changed the eligibility rules for its Scientific Research and Experimental Development (SRED) tax …
Persistent link: https://www.econbiz.de/10013044985
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Kingdom, and Canada – we examine the performance of Indian entrepreneurs and explanations for their success. We find that … percent. In Canada, Indian entrepreneurs have average earnings slightly below the national average but are more likely to hire … Canada and the United Kingdom, contributing less to their entrepreneurial success. …
Persistent link: https://www.econbiz.de/10015378660
In this paper we provide empirical measures of central bank credibility and augment these with historical narratives from eleven countries. To the extent we are able to apply reliable institutional information we can also indirectly assess their role in influencing the credibility of the...
Persistent link: https://www.econbiz.de/10012457842
This paper examines the historical evolution of central bank credibility using both historical narrative and empirics for a group of 16 countries, both advanced and emerging. It shows how the evolution of credibility has gone through a pendulum where credibility was high under the classical gold...
Persistent link: https://www.econbiz.de/10012457973