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Eficacia de los incentivos fiscales a la inversión en I+D en España en los años noventa

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Author Info

  • Desiderio Romero Jordán

    (Universidad Rey Juan Carlos)

  • José Félix Sanz Sanz

    (Universidad Complutense de Madrid)

Abstract

Este trabajo analiza la eficacia de los incentivos fiscales a la inversión en I+D en España. Para ello se utiliza una muestra de empresas manufactureras referida al período 1990 a 2001. Los resultados muestran que el crédito fiscal, y en menor medida las amortizaciones, son instrumentos adecuados para reducir el precio de la I+D. Sin embargo, la respuesta de la inversión a tales variaciones en precio es moderada ya que las elasticidades oscilan entre -0,98 y -1,01. Asimismo, cada unidad monetaria adicional de gasto fiscal genera entre 1,24 y 1,26 unidades monetarias de inversión bruta. Por último, los resultados indican que la relación entre activos fijos productivos e I+D es muy débil.

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Bibliographic Info

Article provided by IEF in its journal Hacienda Pública Española/Revista de Economía Pública.

Volume (Year): 183 (2007)
Issue (Month): 4 (december)
Pages: 9-32

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Handle: RePEc:hpe:journl:y:2007:v:183:i:4:p:9-32

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Related research

Keywords: I+D; incentivos fiscales; elasticidad; coste-eficacia;

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References

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  1. Florence Jaumotte & Nigel Pain, 2005. "An Overview of Public Policies to Support Innovation," OECD Economics Department Working Papers 456, OECD Publishing.
  2. Hall, B. & Mairesse, J. & Branstetter, L. & Crepon, B., 1998. "Does Cash Flow cause Investment and R&D: An Exploration Using Panel Data for French, Japanese, and United States Scientific Firms," Economics Papers 142, Economics Group, Nuffield College, University of Oxford.
  3. Dagenais, M. & Mohnen, P. & Therrien, P., 1997. "Do Canadian Firms Respond to Fiscal Incentives To Research and Development?," G.R.E.Q.A.M. 97b05, Universite Aix-Marseille III.
  4. Rachel Griffith & David Sandler & John Van Reenen, 1995. "Tax incentives for R&D," Fiscal Studies, Institute for Fiscal Studies, vol. 16(2), pages 21-44, May.
  5. Isabel Busom, 2000. "An Empirical Evaluation of The Effects of R&D Subsidies," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 9(2), pages 111-148.
  6. Bruno Van Pottelsberghe, 1997. "Issues in assessing the effect of interindustry R&D spillovers," ULB Institutional Repository 2013/6235, ULB -- Universite Libre de Bruxelles.
  7. Austan Goolsbee, 1997. "Investment Tax Incentives, Prices, and the Supply of Capital Goods," NBER Working Papers 6192, National Bureau of Economic Research, Inc.
  8. Mervyn A. King & Don Fullerton, 1984. "West Germany," NBER Chapters, in: The Taxation of Income from Capital: A Comparative Study of the United States, the United Kingdom, Sweden, and Germany, pages 149-192 National Bureau of Economic Research, Inc.
  9. Dominique Guellec & Bruno Van Pottelsberghe De La Potterie, 2003. "The impact of public R&D expenditure on business R&D," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 12(3), pages 225-243.
  10. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626 National Bureau of Economic Research, Inc.
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