The Resource Effect of R&D tax credits for small and medium-sized enterprises in Japan : evidence from firm-level data

Effect of R&D tax credits for small and medium-sized enterprises in Japan : evidence from firm-level data

Label
Effect of R&D tax credits for small and medium-sized enterprises in Japan : evidence from firm-level data
Title
Effect of R&D tax credits for small and medium-sized enterprises in Japan : evidence from firm-level data
Creator
Subject
Language
eng
Summary
Although numerous studies have evaluated the effect of tax credits on research and development (R&D), many have neglected the problem of selection bias. Furthermore, empirical studies have found that Japan's total factor productivity (TFP) growth has slowed since the 1990s. Researchers have attributed this slowdown partly to low R&D expenditures among small and medium-sized enterprises (SME). Evidence suggests that enhancing R&D among small firms is essential for Japan's economic growth. This paper estimates the effect of R&D tax credits for SMEs using firm-level micro data from "The 2009 Basic Survey of Small and Medium Enterprises." The author uses the propensity score method introduced by Rubin (1974), in which recipients of tax credits are matched with the most similar non-recipients. Empirical results show that R&D tax credits induce an increase in SMEs' R&D expenditures. Moreover, he finds that the effect of R&D tax credits on liquidity-constrained firms is much greater than on firms without liquidity constraints
http://library.link/vocab/creatorName
Kobayashi, Y
Geographic coverage
Asia
Index
no index present
Language note
English
Literary form
non fiction
Series statement
REITI Discussion paper series
Series volume
No. 11-E-066
http://library.link/vocab/subjectName
  • tax credit
  • tax incentive
  • SME
  • research and development
Label
Effect of R&D tax credits for small and medium-sized enterprises in Japan : evidence from firm-level data
Instantiates
Publication
Extent
31 p.
Label
Effect of R&D tax credits for small and medium-sized enterprises in Japan : evidence from firm-level data
Publication
Extent
31 p.

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
Processing Feedback ...