000			01030nam a22001457a 4500
999			_c514644 _d514644
008			201125b ||||| |||| 00| 0 eng d
100			_aAgarwal, A Rosell, C. and Simcoe, T. _921440
245			_aTax credits and small firm R&D spending
260			_aAmerican Economic Journal Economic Policy
300			_a12(2), May, 2020: p.1-21
520			_aIn 2004, Canada changed the eligibility rules for its Scientific Research and Experimental Development (SRED) tax credit, which provides tax incentives for R&D conducted by small private firms. Difference-in-difference estimates show a 17 percent increase in total R&D among eligible firms. The impact was larger for firms that took the tax credits as refunds because they had no current tax liability. Contract R&D expenditures were more elastic than the R&D wage bill. The response was also greater for firms that invested in R&D capital before the policy change. – Reproduced
773			_aAmerican Economic Journal Economic Policy
906			_aTAXATION
942			_cAR