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Evaluating the impact of R&D tax credits on innovation: A microeconometric study on Canadian firms |
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| Authors: | Dirk Czarnitzki Petr Hanel Julio Miguel Rosa |
| Institution: | a K.U. Leuven, Dept. of Managerial Economics, Strategy and Innovation, Naamsestraat 69, 3000 Leuven, Belgium b Centre for European Economic Research (ZEW), Mannheim, Germany c University of Sherbrooke, Dept. d’économique, Sherbrooke, Quebec J1K 2R1, Canada d Industry Canada, Economic Research and Policy Analysis Branch, Ottawa, Ontario K1A 0H5, Canada |
| Abstract: | This study examines the effect of R&D tax credits on innovation activities of Canadian manufacturing firms. Over the 1997-1999 period the Federal and Provincial R&D tax credit programs were used by more than one third of all manufacturing firms and by close to two thirds of firms in high-technology sectors. We investigate the average effect of R&D tax credits on a series of innovation indicators such as: number of new products, sales with new products, originality of innovation, etc. using a non-parametric matching approach. Compared to a hypothetical situation in the absence of R&D tax credits, recipients of tax credits show significantly better scores on most but not all performance indicators. We therefore conclude that tax credits lead to additional innovation output. |
| Keywords: | C14 C25 H50 O38 |
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