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X-WR-CALDESC:Events for CREST
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TZID:Europe/Helsinki
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TZOFFSETFROM:+0200
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DTSTART:20190331T010000
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DTSTART:20191027T010000
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BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20190515T001500
DTEND;TZID=Europe/Helsinki:20190515T133000
DTSTAMP:20260713T082143
CREATED:20190319T125114Z
LAST-MODIFIED:20190319T125114Z
UID:12238-1557879300-1557927000@crest.science
SUMMARY:Toivanen Otto (Aalto) - "Welfare effects of R&D support policies"
DESCRIPTION:CREST Microeconomics Seminar :  \n\nTime: 12:15 pm – 1:30pm\nDate: 15th May 2019\nPlace: Room 3001.\nToivanen Otto (Aalto) – “Welfare effects of R&D support policies”  with Tuomas Takalo (Bank of Finland) and Tanja Tanayama (EIB) \nAbstract: We conduct a welfare analysis of R&D subsidies and tax credits using a model of innovation policy incorporating externalities\, limited R&D participation and financial market imperfections. We estimate the model using R&D project level data from Finland. The optimal R&D tax credit rate is lower than the average R&D subsidy rate. The intensive\, not the extensive margin of R&D is important for policy. Tax credits and subsidies increase R&D investments and spillovers compared to laissez-faire but to levels below the first best. R&D support policies don’t improve welfare. \n\n\nOrganizers:\nRoxana Fernandez Machado (CREST)\, Marie Laure Allain (CREST)\, and Linda Schilling (CREST)\nSponsors:\nCREST\nLunch registration:\nfood provided\, no registration needed\n\n  \n
URL:https://crest.science/event/toivanen-otto-aalto-tba/
LOCATION:3001
CATEGORIES:Microeconomics
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