Effectiveness of R&D tax incentives in Turkey

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2021-7

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Taş, Ekin

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The aim of this study is to investigate the effectiveness of research and development (R&D) tax incentives in generating additional business R&D expenditures in Turkey by applying propensity score matching (PSM) to correct any selection bias and to estimate the average treatment effect on the treated (ATT). For this purpose, the hypothesis that “R&D tax incentives increase business sector R&D intensity (the ratio of firm’s net R&D expenditures to total turnover)” is tested and the effectiveness of R&D tax incentives is examined in the context of input additionality. The questions of whether R&D tax incentives are effective in increasing business sector R&D intensity and to what extent R&D tax incentives produce additional R&D intensity are answered. According to the results, R&D tax incentives have a positive effect on business sector R&D intensity. However, the effect is limited since the R&D tax incentive multiplier is between 0 and 1.

Subject Keywords

Impact analysis, Additionality, Propensity score matching, R&D tax incentives, R&D tax incentive multiplier

URI

https://hdl.handle.net/11511/91433

Collections

Graduate School of Social Sciences, Thesis

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Citation Formats

E. Taş, “Effectiveness of R&D tax incentives in Turkey,” M.S. - Master of Science, Middle East Technical University, 2021.