Evaluation of the Norwegian R&D Tax Credit Scheme

• Autores: Ådne Cappelen, Erik Fjærli, Frank Foyn, Møen Jarle, Arvid Raknerud, Marina Rybalka
• Localización: Journal of Technology Management & Innovation, ISSN-e 0718-2724, Vol. 5, Nº. 3, 2010, págs. 96-109
• Idioma: inglés
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• Resumen

  • We find that the Norwegian R&D tax credit scheme introduced in 2002 mainly works as intended. The scheme is costeffective 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.