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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Universidad Alberto Hurtado
2010-11-01
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Series: | Journal of Technology Management & Innovation |
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Online Access: | http://www.jotmi.org/index.php/GT/article/view/554 |
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doaj-148e376190ec4da486c62ce3738ac5d52020-11-24T23:46:42ZengUniversidad Alberto HurtadoJournal of Technology Management & Innovation0718-27242010-11-01539610910.4067/S0718-27242010000300007559Evaluation of the Norwegian R&D Tax Credit SchemeÅdne CappelenErik FjærliTorbjørn HægelandFrank FoynJarle MøenArvid RaknerudMarina RybalkaWe 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.http://www.jotmi.org/index.php/GT/article/view/554R&D tax creditR&D subsidiesInnovation policyNorway |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Ådne Cappelen Erik Fjærli Torbjørn Hægeland Frank Foyn Jarle Møen Arvid Raknerud Marina Rybalka |
spellingShingle |
Ådne Cappelen Erik Fjærli Torbjørn Hægeland Frank Foyn Jarle Møen Arvid Raknerud Marina Rybalka Evaluation of the Norwegian R&D Tax Credit Scheme Journal of Technology Management & Innovation R&D tax credit R&D subsidies Innovation policy Norway |
author_facet |
Ådne Cappelen Erik Fjærli Torbjørn Hægeland Frank Foyn Jarle Møen Arvid Raknerud Marina Rybalka |
author_sort |
Ådne Cappelen |
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 |
series |
Journal of Technology Management & Innovation |
issn |
0718-2724 |
publishDate |
2010-11-01 |
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. |
topic |
R&D tax credit R&D subsidies Innovation policy Norway |
url |
http://www.jotmi.org/index.php/GT/article/view/554 |
work_keys_str_mv |
AT adnecappelen evaluationofthenorwegianrdtaxcreditscheme AT erikfjærli evaluationofthenorwegianrdtaxcreditscheme AT torbjørnhægeland evaluationofthenorwegianrdtaxcreditscheme AT frankfoyn evaluationofthenorwegianrdtaxcreditscheme AT jarlemøen evaluationofthenorwegianrdtaxcreditscheme AT arvidraknerud evaluationofthenorwegianrdtaxcreditscheme AT marinarybalka evaluationofthenorwegianrdtaxcreditscheme |
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