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Effectiveness of the Research and Development (R&D) Tax Credit

서울대학교 경영연구소
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This paper analyses the tax effect of the R&D tax credit by examining the effectiveness and the R&D tax credit using 1982~2000 data. The results indicate that the R&D tax credit is effective in encouraging research investment during the periods in the R&D tax credit ratio changes, period 1 (1986~1992) and period 2 (1993~2000). Additionally, even in the samples which need the resource allocation decision between R&D and capital spending the result is not changed.

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