IDEAS home Printed from https://ideas.repec.org/a/ekz/ekonoz/2015209.html
   My bibliography  Save this article

¿Todos los caminos llevan a Roma? Incentivos fiscales, ayudas directas y la inversión empresarial en I+D

Author

Listed:
  • Isabel Busom

    (Universidad Autónoma de Barcelona)

  • Beatriz Corchuelo

    (Universidad de Extremadura)

  • Ester Martínez-Ros

    (Universidad Carlos III de Madrid)

Abstract

To what extent can direct support and tax incentives for business R&D reach the goal of increasing private investment in knowledge? Is reception of each type of support related to the potential market failures that justify their existence? Do the same firms benefit from them over time or is there renewal? We analyze two data sets of Spanish industrial companies and find that there are significant differences between the variables that influence access to tax deductions and to direct support. We also detect a high level of persistence in their use. These findings call into question the effectiveness of these instruments, as designed, in stimulating more innovation, especially in the case of tax incentives, if they are not conducted jointly with other, complementary policies.

Suggested Citation

  • Isabel Busom & Beatriz Corchuelo & Ester Martínez-Ros, 2015. "¿Todos los caminos llevan a Roma? Incentivos fiscales, ayudas directas y la inversión empresarial en I+D," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 88(02), pages 262-281.
    • Handle: RePEc:ekz:ekonoz:2015209
    as

    Download full text from publisher

    File URL: http://www.ogasun.ejgv.euskadi.net/r51-k86aekon/es/k86aEkonomiazWar/ekonomiaz/downloadPDF?R01HNoPortal=true&idpubl=84®istro=13
    File Function: complete text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    R+D; innovation policy; tax; incentives; direct aids;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekz:ekonoz:2015209. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Iñaki Treviño (email available below). General contact details of provider: https://edirc.repec.org/data/debages.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.