dc.contributor.author | von Brasch, Thomas | |
dc.contributor.author | Cappelen, Ådne | |
dc.contributor.author | Hungnes, Håvard | |
dc.contributor.author | Skjerpen, Terje | |
dc.date.accessioned | 2022-03-24T18:18:09Z | |
dc.date.available | 2022-03-24T18:18:09Z | |
dc.date.created | 2021-11-22T18:40:52Z | |
dc.date.issued | 2021 | |
dc.identifier.citation | Economic Modelling, Volume 101, August 2021, 105545 | en_US |
dc.identifier.issn | 0264-9993 | |
dc.identifier.uri | https://hdl.handle.net/11250/2987488 | |
dc.description.abstract | How much stimuli that should be attributed to R&D investments crucially depends on how the benefits of R&D reverberate throughout the economy. An extensive literature has found major spillover effects from R&D investments from one industry to another. Using a macroeconomic model for a small open economy, we analyze how tax credits stimulate R&D through the user cost of capital and how it impacts the economy in general via knowledge flows from R&D capital. We find that a tax credit scheme that lowers the user cost of R&D capital, leads to a gradual increase in aggregate productivity. In the long run, the levels of output, real wages, and consumption are around one percent higher than the baseline. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Elsevier | en_US |
dc.rights | Navngivelse-Ikkekommersiell-DelPåSammeVilkår 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-sa/4.0/deed.no | * |
dc.title | Modeling R&D spillovers to productivity: The effects of tax credits | en_US |
dc.type | Peer reviewed | en_US |
dc.type | Journal article | en_US |
dc.description.version | publishedVersion | en_US |
dc.rights.holder | © 2021 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY licens 4.0. | en_US |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210 | en_US |
dc.source.volume | 101 | en_US |
dc.source.journal | Economic Modelling | en_US |
dc.source.issue | August | en_US |
dc.identifier.doi | 10.1016/j.econmod.2021.105545 | |
dc.identifier.cristin | 1957449 | |
dc.relation.project | Norges forskningsråd: 256240 | en_US |
dc.source.articlenumber | 105545 | en_US |
cristin.ispublished | true | |
cristin.fulltext | original | |
cristin.qualitycode | 1 | |