Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192622 
Year of Publication: 
2010
Series/Report no.: 
Discussion Papers No. 640
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
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.
Subjects: 
R&D tax credit
R&D subsidies
Innovation policy
Norway
JEL: 
H25
O38
Document Type: 
Working Paper

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