Informe Final Estudio Crédito Tributario para la I+D

The rationale for government intervention in R&D markets relies mainly on the evidence that social rates of return are substantially above private ones. The government is then called to design incentives that bring private rates of return closer to social ones. Among the wide range of policy instruments available to foster business private R&D, tax credits have become a popular policy tool and developing economies have started incorporating R&D tax credits into their policy mix.

This study attempts to answer some questions about the government intervention in R&D in terms of tax credits. It will not only give some estimations on the possible effects the new scheme might have and how much it may cost, but will also provide an additional benchmark against which future visible impacts should be compared.