SOME TESTS OF THE INCENTIVE EFFECTS OF THE RESEARCH AND EXPERIMENTATION TAX CREDIT
成果类型：
Article
署名作者：
SWENSON, CW
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(92)90020-G
发表日期：
1992
页码：
203-218
关键词：
摘要：
The effectiveness of the tax credit for research and experimentation (R&E) expenditures is examined using a panel of firm data for the period 1975 through 1988. Using a structural model, the results generally indicate that the credit resulted in increased R&E spending. However, the effect of the credit was substantially mitigated by the impacts of net operating loss carryovers and low growth opportunities. Results also indicate some degree of decreased R&E spending as a result of debt restructuring activity. Tax policy implications are discussed.
来源URL：