Mairesse, Jacques; Mulkay, Benoît - Centre de Recherche en Économie et Statistique … - 2004
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...