Using data from 20 US manufacturing industries, we find strong evidence that a more generous tax treatment of R&D positively impacts on the growth rate of total factor productivity and that this effect is stronger for industries farther from the technological frontier. The estimates also suggest that the productivity growth effect of R&D tax policy is comparable in size to that induced by technology transfers.
Minniti, A., Venturini, F. (2017). R&D policy, productivity growth and distance to frontier. ECONOMICS LETTERS, 156, 92-94 [10.1016/j.econlet.2017.04.005].
R&D policy, productivity growth and distance to frontier
MINNITI, ANTONIO;VENTURINI, Francesco
2017
Abstract
Using data from 20 US manufacturing industries, we find strong evidence that a more generous tax treatment of R&D positively impacts on the growth rate of total factor productivity and that this effect is stronger for industries farther from the technological frontier. The estimates also suggest that the productivity growth effect of R&D tax policy is comparable in size to that induced by technology transfers.File in questo prodotto:
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