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Using a difference-in-differences (DiD) setting that leverages the staggered adoption of R&D tax credits across the U.S. states, we show that after a firm receives the tax credits, products of its peers become significantly more similar to the recipient firm. Such product convergence is...
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This paper deals with the international effects of taxation. Tax policies have profound effects on the temporal composition and on the intertemporal evolution of the macro economy. The analysis highlights key issues pertinent for the understanding of international effects of domestic tax...
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This paper discusses the link between R&D and productivity across the European industrial and service sectors. The …. First, the R&D stock has a significant positive impact on labour productivity; this general result is largely consistent …, fiscal incentives, etc.) in support of private R&D. However, R&D investment is not the sole source of productivity gains …
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