Tax Incentives for R&D: Supporting Innovative Scale-Ups?

Autor/inn/en	Mitchell, Jessica; Testa, Giuseppina; Sanchez Martinez, Miguel; Cunningham, Paul N.; Szkuta, Katarzyna
Titel	Tax Incentives for R&D: Supporting Innovative Scale-Ups?
Quelle	In: Research Evaluation, 29 (2020) 2, S.121-134 (14 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0958-2029
DOI	10.1093/reseval/rvz026
Schlagwörter	Tax Credits; Research and Development; Financial Policy; Foreign Countries; Grants; Salaries; Innovation; Ireland + Suchen Sie Ihr Suchwort? Steuerermäßigung; Forschung und Entwicklung; Fiscal policy; Finanzpolitik; Ausland; Grant; Finanzielle Beihilfe; Entlohnung; Gehalt; Irland
Abstract	This article investigates the impact of tax incentives targeting young innovative firms and broader R&D tax incentives where effects on young firms are observed. It examines effects on R&D additionality, R&D wages, employment growth, turnover growth, and sales growth from innovative activities. It draws on academic literature and policy evaluation studies and uses a mixed-method approach based on evaluation synthesis. Evidence on the effectiveness of tax incentives on young and small firms' employment and economic performance is relatively limited, largely due to a dearth of evaluations. This analysis, based on a limited number of studies, finds that with regard to R&D additionality, generic R&D tax incentives tend to have a larger, or at least as large, effect on young companies, both when compared with companies of average age (with the exception of a study on an Irish tax instrument), and when compared with grants and loans. Some evidence also shows a positive effect on wages. More limited evidence shows that R&D tax incentives targeted at young companies tend to have positive effects on R&D intensity and wages, but that effects decrease relatively if combined with other instruments such as subsidies. With regard to output additionality, generic R&D tax incentives have a limited impact on innovation for all companies and a positive impact on turnover, turnover share of new products or services and labour productivity. There is some evidence of positive effects on employment, productivity, sales and added-value of targeted measures, but these results should be validated using more robust methods. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01