Agrawal, Ajay K.; Rosell, Carlos; Simcoe, Timothy S. - National Bureau of Economic Research (NBER) - 2014
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...