{"id":"https://openalex.org/W2204024979","doi":"https://doi.org/10.1162/rest_a_00559","title":"The Effectiveness of R&D Tax Credits","display_name":"The Effectiveness of R&D Tax Credits","publication_year":2016,"publication_date":"2016-12-06","ids":{"openalex":"https://openalex.org/W2204024979","doi":"https://doi.org/10.1162/rest_a_00559","mag":"2204024979"},"language":"en","primary_location":{"id":"doi:10.1162/rest_a_00559","doi":"https://doi.org/10.1162/rest_a_00559","is_oa":false,"landing_page_url":"https://doi.org/10.1162/rest_a_00559","pdf_url":null,"source":{"id":"https://openalex.org/S180061323","display_name":"The Review of Economics and Statistics","issn_l":"0034-6535","issn":["0034-6535","1530-9142"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economics and Statistics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5061127761","display_name":"Russell K. Thomson","orcid":"https://orcid.org/0000-0002-1359-7542","observed_orcids":["https://orcid.org/0000-0002-1359-7542"]},"institutions":[{"id":"https://openalex.org/I57093077","display_name":"Swinburne University of Technology","ror":"https://ror.org/031rekg67","country_code":"AU","type":"education","lineage":["https://openalex.org/I57093077"]}],"countries":["AU"],"is_corresponding":true,"raw_author_name":"Russell Thomson","raw_affiliation_strings":["Swinburne University of Technology"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Swinburne University of Technology","institution_ids":["https://openalex.org/I57093077"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5061127761"],"corresponding_institution_ids":["https://openalex.org/I57093077"],"apc_list":null,"apc_paid":null,"fwci":11.0121,"has_fulltext":false,"cited_by_count":57,"citation_normalized_percentile":{"value":0.97926239,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"99","issue":"3","first_page":"544","last_page":"549"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12722","display_name":"Innovation Policy and R&D","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12722","display_name":"Innovation Policy and R&D","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11770","display_name":"Fiscal Policy and Economic Growth","score":0.0015999999595806003,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/r-d-tax-credits","display_name":"R&D tax credits","score":0.9919999837875366},{"id":"https://openalex.org/keywords/private-sector-r-d","display_name":"private R&D","score":0.8650000095367432},{"id":"https://openalex.org/keywords/tax-policy-effectiveness","display_name":"tax policy effectiveness","score":0.7850000262260437},{"id":"https://openalex.org/keywords/capital-labor-ratio","display_name":"capital-labor ratio","score":0.8450000286102295}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7044745087623596},{"id":"https://openalex.org/C162077342","wikidata":"https://www.wikidata.org/wiki/Q1062630","display_name":"Tax credit","level":2,"score":0.6542679071426392},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5693467259407043},{"id":"https://openalex.org/C2780009758","wikidata":"https://www.wikidata.org/wiki/Q6804172","display_name":"Measure (data warehouse)","level":2,"score":0.4839251637458801},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4462491273880005},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.4388164281845093},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4299360513687134},{"id":"https://openalex.org/C2778334786","wikidata":"https://www.wikidata.org/wiki/Q1586270","display_name":"Variation (astronomy)","level":2,"score":0.41365689039230347},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.39692026376724243},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.3212859630584717},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.2842906713485718},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.15446540713310242},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C77088390","wikidata":"https://www.wikidata.org/wiki/Q8513","display_name":"Database","level":1,"score":0.0},{"id":"https://openalex.org/C44870925","wikidata":"https://www.wikidata.org/wiki/Q37547","display_name":"Astrophysics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1162/rest_a_00559","doi":"https://doi.org/10.1162/rest_a_00559","is_oa":false,"landing_page_url":"https://doi.org/10.1162/rest_a_00559","pdf_url":null,"source":{"id":"https://openalex.org/S180061323","display_name":"The Review of Economics and Statistics","issn_l":"0034-6535","issn":["0034-6535","1530-9142"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economics and Statistics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:tpr:restat:v:99:y:2017:i:3:p:544-549","doi":null,"is_oa":false,"landing_page_url":"http://www.mitpressjournals.org/doi/pdf/10.1162/REST_a_00559","pdf_url":"http://www.mitpressjournals.org/doi/pdf/10.1162/REST_a_00559","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:researchbank.swinburne.edu.au:7afa0d31-ac56-429a-9792-6827075f2e62/1","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/1959.3/438291","pdf_url":null,"source":{"id":"https://openalex.org/S4306401157","display_name":"Swinburne figshare (Swinburne University of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I57093077","host_organization_name":"Swinburne University of Technology","host_organization_lineage":["https://openalex.org/I57093077"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"The Review of Economics and Statistics, Vol. 99, no. 3 (Jul 2017), pp. 544-549","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":23,"referenced_works":["https://openalex.org/W134498615","https://openalex.org/W1604398976","https://openalex.org/W1606529381","https://openalex.org/W1965707663","https://openalex.org/W1969230115","https://openalex.org/W1989398480","https://openalex.org/W2010805730","https://openalex.org/W2015700442","https://openalex.org/W2053625815","https://openalex.org/W2112457802","https://openalex.org/W2124758339","https://openalex.org/W2134246329","https://openalex.org/W2145628649","https://openalex.org/W2165066225","https://openalex.org/W2167286043","https://openalex.org/W2170736145","https://openalex.org/W2321689698","https://openalex.org/W2988039629","https://openalex.org/W3121403162","https://openalex.org/W3123189718","https://openalex.org/W3123200913","https://openalex.org/W4211057691","https://openalex.org/W4292366152"],"related_works":["https://openalex.org/W2204043647","https://openalex.org/W7098100398","https://openalex.org/W7113307737","https://openalex.org/W2193719436","https://openalex.org/W3124379580","https://openalex.org/W7101008329","https://openalex.org/W2398550325","https://openalex.org/W2112457802","https://openalex.org/W7095972904","https://openalex.org/W338552232"],"abstract_inverted_index":{"In":[0],"order":[1],"to":[2,30],"measure":[3,22],"the":[4,15,45,57],"effect":[5],"of":[6,18,23,49,60],"tax":[7,24,58],"credits":[8],"on":[9,41],"private":[10],"R&D":[11,50],"investment,":[12],"researchers":[13],"confront":[14],"difficult":[16],"problem":[17],"finding":[19],"an":[20],"exogenous":[21],"policy":[25],"that":[26],"exhibits":[27],"sufficient":[28],"variation":[29,55],"support":[31],"robust":[32],"identification.":[33],"This":[34],"paper":[35],"takes":[36],"a":[37],"new":[38],"approach":[39],"based":[40],"exploiting":[42],"differences":[43],"in":[44,56],"average":[46],"capital-labor":[47],"ratio":[48],"investment":[51],"across":[52,64],"industries":[53],"and":[54,66],"treatment":[59],"different":[61],"expenditure":[62],"types":[63],"countries":[65],"over":[67],"time.":[68],"The":[69],"estimated":[70],"short-run":[71],"elasticity":[72],"is":[73,76],"0.50":[74],"which":[75],"somewhat":[77],"more":[78],"than":[79],"double":[80],"previous":[81],"estimates":[82],"derived":[83],"from":[84],"cross-country":[85],"analysis.":[86]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":8},{"year":2023,"cited_by_count":12},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":8},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":3},{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-02T09:45:03.842371","created_date":"2016-06-24T00:00:00"}
