Tax incentives for R&D: supporting innovative scale-ups?
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Organización Internacional del Trabajo (OIT)
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| Format: | Artículo científico |
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International Labour Organization
01/04/2020
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| _version_ | 1874525240565956612 |
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| author | Jessica Mitchell Giuseppina Testa Miguel Sanchez Martinez Paul N. Cunningham Katarzyna Szkuta |
| author_facet | Jessica Mitchell Giuseppina Testa Miguel Sanchez Martinez Paul N. Cunningham Katarzyna Szkuta Jessica Mitchell Giuseppina Testa Miguel Sanchez Martinez Paul N. Cunningham Katarzyna Szkuta |
| contents | Tax incentives for R&D: supporting innovative scale-ups? Jessica Mitchell Giuseppina Testa Miguel Sanchez Martinez Paul N. Cunningham Katarzyna Szkuta 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. 10.1093/reseval/rvz026 DOI https://doi.org/10.1093/reseval/rvz026 publication.journalArticle |
| format | Artículo científico |
| id | ilo_995231971002676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 01/04/2020 |
| publisher | International Labour Organization |
| spellingShingle | Tax incentives for R&D: supporting innovative scale-ups? Jessica Mitchell Giuseppina Testa Miguel Sanchez Martinez Paul N. Cunningham Katarzyna Szkuta Tax incentives for R&D: supporting innovative scale-ups? Jessica Mitchell Giuseppina Testa Miguel Sanchez Martinez Paul N. Cunningham Katarzyna Szkuta 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. 10.1093/reseval/rvz026 DOI https://doi.org/10.1093/reseval/rvz026 publication.journalArticle |
| title | Tax incentives for R&D: supporting innovative scale-ups? |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/Tax-incentives-for-RD-supporting-innovative/995231971002676 |