An Analysis of the Employment Effects of the Washington High Technology Business and Occupation (B&O) Tax Credit

摘要: This paper estimates the effects of an R&D tax credit in state Washington on job creation. The research uses micro-data creation and credits received by individual firms from 2004 to 2009. We correct for endogeneity using instrumental variables based part national industry factor shares R&D. estimate that this created jobs, but at a high cost. cost per job-year is estimated be between $40,000 $50,000. was so because non-refundable. As result, about one-quarter receiving were maxed out eligibility, provided no marginal incentive additional spending or