Evaluation of the Norwegian R&D Tax Credit Scheme

We find that the Norwegian R&D tax credit scheme introduced in 2002 mainly works as intended. The scheme is cost-effective and it is used by a large number of firms. It stimulates these firms to invest more in R&D, and, in particular, the effect is positive for small firms with little R&...

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Autores principales:	Cappelen,Ådne, Fjærli,Erik, Foyn,Frank, Hægeland,Torbjørn, Møen,Jarle, Raknerud,Arvid, Rybalka,Marina
Lenguaje:	English
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2010
Materias:	R+D tax credit R+D subsidies innovation policy Norway
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242010000300007
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spelling	oai:scielo:S0718-272420100003000072010-12-28Evaluation of the Norwegian R&D Tax Credit SchemeCappelen,ÅdneFjærli,ErikFoyn,FrankHægeland,TorbjørnMøen,JarleRaknerud,ArvidRybalka,Marina R+D tax credit R+D subsidies innovation policy Norway We find that the Norwegian R&D tax credit scheme introduced in 2002 mainly works as intended. The scheme is cost-effective and it is used by a large number of firms. It stimulates these firms to invest more in R&D, and, in particular, the effect is positive for small firms with little R&D experience. The returns on the R&D investments supported by the scheme are positive and generally not different from the returns to other R&D investments. We have found examples of what can be interpreted as tax motivated adjustments to the scheme, but to some extent this must be accepted as a cost to subsidy and support schemes intended for use by a large number of economic agents. This is particularly so when attempts are made to keep administrative expenditures and control routines at a low level.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.5 n.3 20102010-10-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242010000300007en10.4067/S0718-27242010000300007
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	R+D tax credit R+D subsidies innovation policy Norway
spellingShingle	R+D tax credit R+D subsidies innovation policy Norway Cappelen,Ådne Fjærli,Erik Foyn,Frank Hægeland,Torbjørn Møen,Jarle Raknerud,Arvid Rybalka,Marina Evaluation of the Norwegian R&D Tax Credit Scheme
description	We find that the Norwegian R&D tax credit scheme introduced in 2002 mainly works as intended. The scheme is cost-effective and it is used by a large number of firms. It stimulates these firms to invest more in R&D, and, in particular, the effect is positive for small firms with little R&D experience. The returns on the R&D investments supported by the scheme are positive and generally not different from the returns to other R&D investments. We have found examples of what can be interpreted as tax motivated adjustments to the scheme, but to some extent this must be accepted as a cost to subsidy and support schemes intended for use by a large number of economic agents. This is particularly so when attempts are made to keep administrative expenditures and control routines at a low level.
author	Cappelen,Ådne Fjærli,Erik Foyn,Frank Hægeland,Torbjørn Møen,Jarle Raknerud,Arvid Rybalka,Marina
author_facet	Cappelen,Ådne Fjærli,Erik Foyn,Frank Hægeland,Torbjørn Møen,Jarle Raknerud,Arvid Rybalka,Marina
author_sort	Cappelen,Ådne
title	Evaluation of the Norwegian R&D Tax Credit Scheme
title_short	Evaluation of the Norwegian R&D Tax Credit Scheme
title_full	Evaluation of the Norwegian R&D Tax Credit Scheme
title_fullStr	Evaluation of the Norwegian R&D Tax Credit Scheme
title_full_unstemmed	Evaluation of the Norwegian R&D Tax Credit Scheme
title_sort	evaluation of the norwegian r&d tax credit scheme
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2010
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242010000300007
work_keys_str_mv	AT cappelenadne evaluationofthenorwegianrdtaxcreditscheme AT fjærlierik evaluationofthenorwegianrdtaxcreditscheme AT foynfrank evaluationofthenorwegianrdtaxcreditscheme AT hægelandtorbjørn evaluationofthenorwegianrdtaxcreditscheme AT møenjarle evaluationofthenorwegianrdtaxcreditscheme AT raknerudarvid evaluationofthenorwegianrdtaxcreditscheme AT rybalkamarina evaluationofthenorwegianrdtaxcreditscheme
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Evaluation of the Norwegian R&D Tax Credit Scheme

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