IDEAS home Printed from https://ideas.repec.org/a/fmb/journl/v16y2012i2p87-99.html
   My bibliography  Save this article

Tax Incentive Schemes For R&D – A Solution For The Romanian Economy

Author

Listed:
  • Ion POPA

    () (The Bucharest Academy of Economic Studies, Romania, Faculty of Management)

  • Victor LAVRIC

    (The Bucharest Academy of Economic Studies, Romania)

  • Mircea Stelian DRAGHICI

    (The Bucharest Academy of Economic Studies, Romania)

Abstract

This study aims to examine what are the most efficient designs for a tax incentive scheme for Romania. We also investigated the relationship between the level of economic development and the R&D intensity in the European Union States. Our results suggest that the policy making authorities should focus on facilitating private investments in R&D, and especially on specific fiscal incentive schemes for SMEs. These schemes are important and efficient because they, by supporting enterprise’s real needs, are not distorting the markets, thus facilitating and supporting R&D projects with very specific needs, with a more appropriate timing of the projects. After a complex description and analysis of ten examples of good practice in EU, we found out that an efficient scheme for R&D activities in Romania should focus on R&D expenses, containing both capital and current expenses, a benefit in form of an additional deduction for eligible R&D expenses, a flat rate system and size differentiation.

Suggested Citation

  • Ion POPA & Victor LAVRIC & Mircea Stelian DRAGHICI, 2012. "Tax Incentive Schemes For R&D – A Solution For The Romanian Economy," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 16(2), pages 87-99, November.
  • Handle: RePEc:fmb:journl:v:16:y:2012:i:2:p:87-99
    as

    Download full text from publisher

    File URL: http://www.managementgeneral.ro/pdf/2_2012_5.pdf
    Download Restriction: no

    Citations

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


    Cited by:

    1. Victor LAVRIC, 2015. "Specific mechanisms for stimulating R&D investments within the EU," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 3(4), pages 61-76, November.
    2. Victor LAVRIC, 2013. "The Dynamics Of R&D Human Resources In Romania Within The European Context," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 7(1), pages 259-267, November.
    3. Monika Walicka & Joanna Prystrom, 2016. "R&D tax incentives for innovation and managerial decisions," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 11(4), pages 46-56, March.

    More about this item

    Keywords

    R&D; Tax incentives; SMEs; European Union; Knowledgebased economy;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

    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:fmb:journl:v:16:y:2012:i:2:p:87-99. 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: (George Maniu). General contact details of provider: http://edirc.repec.org/data/fbuspro.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.