Table 7. Ordinary Least Square Estimates. Dependent variable: ln R&D Investment (BERD). Tax Concession. Tax Concession Tax Incentive Tax Concession (1) No franked Tax Incentive (4) small firms (2) firms, no profit (5) dividends (3) Treated' (claiming subsidy dummy) 0.508*** 0.364*** 0.405*** 0.193** 0.924*** (0.0189) (0.0194) (0.0213) (0.0758) (0.176) Other government finance (e.g., grants) 0.156*** 0.160*** 0.151*** 0.149*** 0.139*** (0.00388) (0.0151) (0.0250) Turnover 0.141*** 0.0196*** 0.108*** 0.140*** -0.00776 (0.00337) (0.00299) (0.00339) (0.0133) (0.0145) Wages 0.0457*** 0.0669*** 0.0472*** 0.0622*** 0.0977*** (0.00258) (0.00296) (0.00285) (0.0112) (0.0136) Industry controls Y Y Y Y Y Observations 32,354 24,810 25,191 2,147 699 R-squared 0.284 0.178 0.235 0.276 0.225 Notes: *** significant at 1 percent. Round parenthesis denotes number of observations.
Table 7. Ordinary Least Square Estimates. Dependent variable: ln R&D Investment (BERD). Tax Concession (1) Tax Concession small firms (2) Tax Concession. No franked dividends (3) Tax Incentive (4) Tax Incentive firms, no profit (5) Treated' (claiming subsidy dummy) 0.508*** 0.364*** 0.405*** 0.193** 0.924*** (0.0189) (0.0194) (0.0213) (0.0758) (0.176) Other government finance (e.g., grants) 0.156*** 0.160*** 0.151*** 0.149*** 0.139*** (0.00388) (0.0151) (0.0250) Turnover 0.141*** 0.0196*** 0.108*** 0.140*** -0.00776 (0.00337) (0.00299) (0.00339) (0.0133) (0.0145) Wages 0.0457*** 0.0669*** 0.0472*** 0.0622*** 0.0977*** (0.00258) (0.00296) (0.00285) (0.0112) (0.0136) Industry controls Y Y Y Y Y Observations 32,354 24,810 25,191 2,147 699 R-squared 0.284 0.178 0.235 0.276 0.225 Notes: *** significant at 1 percent. Round parenthesis denotes number of observations.
research-and-development-tax-incentive-review-report-rate-of-additionality-swinburne.docx