R & D tax credits and their macroeconomic impact in the EU: an assessment using QUEST III
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Organización Internacional del Trabajo (OIT)
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| Format: | Libro |
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International Labour Organization
2017
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| _version_ | 1874525220570660864 |
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| author | Joint Research Centre P. Christensen N. Robledo-Böttcher C. Benedetti-Fasil M. Sanchez-Martinez |
| author_facet | Joint Research Centre P. Christensen N. Robledo-Böttcher C. Benedetti-Fasil M. Sanchez-Martinez Joint Research Centre P. Christensen N. Robledo-Böttcher C. Benedetti-Fasil M. Sanchez-Martinez |
| contents | R & D tax credits and their macroeconomic impact in the EU: an assessment using QUEST III Joint Research Centre P. Christensen N. Robledo-Böttcher C. Benedetti-Fasil M. Sanchez-Martinez R & D tax credits are currently used by 25 Member States as a means to stimulate R & D investment and, ultimately, economic growth and employment. This paper is a first attempt to provide an in-depth analysis of the structural economic factors that, other things being equal, affect or condition the potential macroeconomic impacts of expanding (or start implementing) R & D tax credit schemes. The analysis is based on the European Commission’s QUEST III semi-endogenous growth model. Our main conclusion is that, while the short- and medium-term impacts of increased R & D tax credits on Member States’ GDP and other macroeconomic aggregates are overall significantly positive, there remains space to substantially improve the cost-effectiveness of these policies. Publications Office of the European Union publication.book |
| format | Libro |
| id | ilo_995269742502676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2017 |
| publisher | International Labour Organization |
| spellingShingle | R & D tax credits and their macroeconomic impact in the EU: an assessment using QUEST III Joint Research Centre P. Christensen N. Robledo-Böttcher C. Benedetti-Fasil M. Sanchez-Martinez R & D tax credits and their macroeconomic impact in the EU: an assessment using QUEST III Joint Research Centre P. Christensen N. Robledo-Böttcher C. Benedetti-Fasil M. Sanchez-Martinez R & D tax credits are currently used by 25 Member States as a means to stimulate R & D investment and, ultimately, economic growth and employment. This paper is a first attempt to provide an in-depth analysis of the structural economic factors that, other things being equal, affect or condition the potential macroeconomic impacts of expanding (or start implementing) R & D tax credit schemes. The analysis is based on the European Commission’s QUEST III semi-endogenous growth model. Our main conclusion is that, while the short- and medium-term impacts of increased R & D tax credits on Member States’ GDP and other macroeconomic aggregates are overall significantly positive, there remains space to substantially improve the cost-effectiveness of these policies. Publications Office of the European Union publication.book |
| title | R & D tax credits and their macroeconomic impact in the EU: an assessment using QUEST III |
| url | https://researchrepository.ilo.org/esploro/outputs/book/R--D-tax-credits-and/995269742502676 |