Advanced Search
MyIDEAS: Login to save this paper or follow this series

Incentivos fiscales en ciencia, tecnología e innovación: una revisión y análisis de la experiencia internacional

Contents:

Author Info

  • Hernan Jaramillo Salazar

    ()

  • Carlos Pombo

    ()

  • Juan Miguel Gallego

Abstract

Economists have shown that investments in science and technology (S&T) have an important impact on country's economic growth and productivity gains. Nowadays there is no doubt of the importance in providing public funding for S&T activities. Public policies have been oriented to provide incentives for private spending in S&T as a mechanism to enhance productive efficiency. In this regard, fiscal incentives play a crucial role to channel private efforts in research and development (R&D) projects. International experience based on the OECD case, shows that 10% decrease in the User Cost of Capital due to fiscal incentives will increase 1% R&D spending in the short run and might reach a 10% increase in the long run. ********************************************************************** Los economistas han mostrado que las inversiones en ciencia y tecnología tienen un impacto importante sobre las tasas de crecimiento económico y sobre la productividad de un país. Por tal razón hoy pocos países discuten sobre la importancia de destinar recursos públicos a dicha inversión. La agenda de política esta enfocada es a mantener un sistema de ciencia y tecnología e innovación tecnológica donde se estimule la inversión privada y se integre a las políticas públicas. Es en este punto donde los incentivos fiscales han sido cruciales en la generación de recursos privados para la ciencia y la tecnología y la mayoría de países desarrollados y algunos en desarrollo los han implementado como un mecanismo eficiente. La experiencia internacional muestra que en los países de la OCDE por una caída en un 10% del costo del capital en I&D, vía incentivos fiscales, se aumenta las inversiones en este bien en un 1% en el corto plazo y estas inversiones pueden llegar a ser del 10% en el largo plazo.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.urosario.edu.co/FASE1/economia/documentos/pdf/bi29.pdf
Download Restriction: no

Bibliographic Info

Paper provided by UNIVERSIDAD DEL ROSARIO in its series BORRADORES DE INVESTIGACIÓN with number 002828.

as in new window
Length: 34
Date of creation: 01 Oct 2002
Date of revision:
Handle: RePEc:col:000091:002828

Contact details of provider:

Related research

Keywords: I&D; productividad; incentivos fiscales; ciencia y tecnología;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Stephen Bond & Dietmar Harhoff & John Van Reenen, 2003. "Investment, R&D and financial constraints in Britain and Germany," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 771, London School of Economics and Political Science, LSE Library.
  2. Fagerberg, Jan, 1994. "Technology and International Differences in Growth Rates," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1147-75, September.
  3. Robert J. Barro & Xavier Sala-i-Martin, 1995. "Technological diffusion, convergence and growth," Economics Working Papers 116, Department of Economics and Business, Universitat Pompeu Fabra.
  4. Paul A. David, Bronwyn H. Hall and Andrew A. Toole., 1999. "Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence," Economics Working Papers, University of California at Berkeley E99-269, University of California at Berkeley.
  5. T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
  6. Lach, Saul & Schankerman, Mark, 1989. "Dynamics of R&D and Investment in the Scientific Sector," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 97(4), pages 880-904, August.
  7. Lach, Saul, 2002. "Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from Israel," Journal of Industrial Economics, Wiley Blackwell, Wiley Blackwell, vol. 50(4), pages 369-90, December.
  8. Sorensen, Anders, 1999. " R&D, Learning, and Phases of Economic Growth," Journal of Economic Growth, Springer, Springer, vol. 4(4), pages 429-45, December.
  9. Mamuneas, Theofanis P. & Ishaq Nadiri, M., 1996. "Public R&D policies and cost behavior of the US manufacturing industries," Journal of Public Economics, Elsevier, Elsevier, vol. 63(1), pages 57-81, December.
  10. Pablo Serra, 1995. "Chilean R&D Policy," Estudios de Economia, University of Chile, Department of Economics, University of Chile, Department of Economics, vol. 22(2 Year 19), pages 207-242, December.
  11. Kaplan, Steven N & Zingales, Luigi, 1997. "Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 112(1), pages 169-215, February.
  12. Stephen Bond & Julie Elston & Jacques Mairesse & Benoit Mulkay, 1997. "Financial Factors and Investment in Belgium, France, Germany and the UK:A Comparison Using Company Panel Data," NBER Working Papers 5900, National Bureau of Economic Research, Inc.
  13. Jason G. Cummins & Kevin A. Hassett & R. Glenn Hubbard, 1995. "Tax Reforms and Investment: A Cross-Country Comparison," NBER Working Papers 5232, National Bureau of Economic Research, Inc.
  14. Maddison, Angus, 1987. "Growth and Slowdown in Advanced Capitalist Economies: Techniques of Quantitative Assessment," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 649-98, June.
  15. Paul Schreyer, 2000. "The Contribution of Information and Communication Technology to Output Growth: A Study of the G7 Countries," OECD Science, Technology and Industry Working Papers 2000/2, OECD Publishing.
  16. Hall, Bronwyn & Van Reenen, John, 2000. "How effective are fiscal incentives for R&D? A review of the evidence," Research Policy, Elsevier, Elsevier, vol. 29(4-5), pages 449-469, April.
  17. Abel, Andrew B & Blanchard, Olivier J, 1986. "The Present Value of Profits and Cyclical Movements in Investment," Econometrica, Econometric Society, Econometric Society, vol. 54(2), pages 249-73, March.
  18. Rachel Griffith & David Sandler & John Van Reenen, 1995. "Tax incentives for R&D," Fiscal Studies, Institute for Fiscal Studies, Institute for Fiscal Studies, vol. 16(2), pages 21-44, May.
  19. Van Reenen, John, 1997. "Why has Britain had slower R&D growth?," Research Policy, Elsevier, Elsevier, vol. 26(4-5), pages 493-507, December.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Valerie Mercer-Blackman, 2008. "The Impact of Research and Development Tax Incentiveson Colombia's Manufacturing Sector," IMF Working Papers 08/178, International Monetary Fund.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:col:000091:002828. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Publicaciones Economía).

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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