R&D policy, productivity growth and distance to frontier

被引：14
|
作者：
Minniti, Antonio [1 ]
Venturini, Francesco [2 ,3 ]
机构：
[1] Univ Bologna, Dept Econ, Piazza Scaravilli 2, I-40126 Bologna, Italy
[2] Univ Perugia, Dept Econ, Via Pascoli 20, I-06123 Perugia, Italy
[3] Natl Inst Econ & Social Res, London, England
来源：
ECONOMICS LETTERS | 2017年 / 156卷
关键词：
R&D tax policy; Total factor productivity; Distance to Frontier; DEVELOPMENT TAX CREDITS;
D O I：
10.1016/j.econlet.2017.04.005
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using data from 20 US manufacturing industries, we find strong evidence that a more generous tax treatment of R&D positively impacts on the growth rate of total factor productivity and that this effect is stronger for industries farther from the technological frontier. The estimates also suggest that the productivity growth effect of R&D tax policy is comparable in size to that induced by technology transfers. (C) 2017 Elsevier B.V. All rights reserved.
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页码：92 / 94
页数：3
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