Using the tax system to support research and development has become a very popular policy tool. Many countries are implementing incentives such as tax credits, patent boxes and direct subsidies to stimulate new R&D. But is there really a causal relationship between these policies and the R&D spending done by the businesses receiving the incentives? And if so, is this R&D productive, and does it have an impact on the wider economy?
For our joint lunch debate with CEPS, we are delighted to present the latest research into this area. We will be joined by İrem Güçeri (EconPol Europe, Saïd Business School at the University of Oxford), Ruzica Rakic (DG Research & Innovation, European Commission) and journalist Jennifer Baker to ask: is there an optimal policy mix for incentivizing R&D?
VIDEO: Panelist and co-author of the research İrem Güçeri explains the background to her work: Supporting Firm Innovation in R&D: What is the Optimal Policy Mix?
POLICY REPORT: Supporting Firm Innovation and R&D: What is the Optimal Policy Mix?