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Economics area at IIMB to host seminar on ‘R&D Tax Credit and Product Quality vs Scope’

Prof. Sankalp Mathur, CAFRAL, will deliver the session on 26 February 2026

24 February, 2026, Bengaluru: The Economics area at IIM Bangalore will host a research seminar titled ‘R&D Tax Credit and Product Quality vs Scope’ delivered by Prof. Sankalp Mathur, Center for Advanced Financial Research and Learning (CAFRAL). The session is set to be held on 26 February 2026, from 4.00 pm to 5.30 pm, in Classroom P-11 at IIMB.

Abstract:

Do firms with heterogeneous in-house R\&D capacity respond discordantly in terms of product development to an industrial policy aimed at boosting R\&D expenditure? We utilize an R\&D tax credit policy introduced in 1998 by the Indian Govt, which was aimed at firms with in-house R\&D units in certain groups of industries. We find that the policy led to an increase in R\&D expenses for all firms, but the effect on product development is quite different. Small and medium-sized firms spend their new R\&D investments to expand product scope, while large firms invest in upgrading the quality of the products. These effects are largely driven by exporters and firms producing differentiated products. We rationalize our findings using a heterogeneous firm model in which a firm maximizes output along three dimensions: product scope, scale, and quality. Lastly, our results show significant welfare gains as the aggregate price index decreased by about 93\%. To our knowledge, ours is one of the first to show that the R\&D tax credit policy can promote industrial development through gains from increased product quality and variety.

Speaker profile:

Sankalp Mathur is currently an Assistant Professor at the Center for Advanced Financial Research and Learning (CAFRAL), an institution set up by the Reserve Bank of India in Mumbai, India. He works in the areas of International Trade, Environmental Economics, Climate Policy, and Macroeconomics. Prior to joining CAFRAL, he completed his Ph.D. in Economics at the Department of Economics, University of Florida.

Webpage link: https://www.sankalpmathur.com/home

Add to Calendar 2026-02-26 05:30:00 2026-05-16 00:58:48 Economics area at IIMB to host seminar on ‘R&D Tax Credit and Product Quality vs Scope’ Prof. Sankalp Mathur, CAFRAL, will deliver the session on 26 February 2026 24 February, 2026, Bengaluru: The Economics area at IIM Bangalore will host a research seminar titled ‘R&D Tax Credit and Product Quality vs Scope’ delivered by Prof. Sankalp Mathur, Center for Advanced Financial Research and Learning (CAFRAL). The session is set to be held on 26 February 2026, from 4.00 pm to 5.30 pm, in Classroom P-11 at IIMB. Abstract: Do firms with heterogeneous in-house R\&D capacity respond discordantly in terms of product development to an industrial policy aimed at boosting R\&D expenditure? We utilize an R\&D tax credit policy introduced in 1998 by the Indian Govt, which was aimed at firms with in-house R\&D units in certain groups of industries. We find that the policy led to an increase in R\&D expenses for all firms, but the effect on product development is quite different. Small and medium-sized firms spend their new R\&D investments to expand product scope, while large firms invest in upgrading the quality of the products. These effects are largely driven by exporters and firms producing differentiated products. We rationalize our findings using a heterogeneous firm model in which a firm maximizes output along three dimensions: product scope, scale, and quality. Lastly, our results show significant welfare gains as the aggregate price index decreased by about 93\%. To our knowledge, ours is one of the first to show that the R\&D tax credit policy can promote industrial development through gains from increased product quality and variety. Speaker profile: Sankalp Mathur is currently an Assistant Professor at the Center for Advanced Financial Research and Learning (CAFRAL), an institution set up by the Reserve Bank of India in Mumbai, India. He works in the areas of International Trade, Environmental Economics, Climate Policy, and Macroeconomics. Prior to joining CAFRAL, he completed his Ph.D. in Economics at the Department of Economics, University of Florida. Webpage link: https://www.sankalpmathur.com/home IIM Bangalore IIM Bangalore communications@iimb.ac.in Asia/Kolkata public
26 Feb 2026

Economics area at IIMB to host seminar on ‘R&D Tax Credit and Product Quality vs Scope’

Add to Calendar 2026-02-26 05:30:00 2026-05-16 00:58:48 Economics area at IIMB to host seminar on ‘R&D Tax Credit and Product Quality vs Scope’ Prof. Sankalp Mathur, CAFRAL, will deliver the session on 26 February 2026 24 February, 2026, Bengaluru: The Economics area at IIM Bangalore will host a research seminar titled ‘R&D Tax Credit and Product Quality vs Scope’ delivered by Prof. Sankalp Mathur, Center for Advanced Financial Research and Learning (CAFRAL). The session is set to be held on 26 February 2026, from 4.00 pm to 5.30 pm, in Classroom P-11 at IIMB. Abstract: Do firms with heterogeneous in-house R\&D capacity respond discordantly in terms of product development to an industrial policy aimed at boosting R\&D expenditure? We utilize an R\&D tax credit policy introduced in 1998 by the Indian Govt, which was aimed at firms with in-house R\&D units in certain groups of industries. We find that the policy led to an increase in R\&D expenses for all firms, but the effect on product development is quite different. Small and medium-sized firms spend their new R\&D investments to expand product scope, while large firms invest in upgrading the quality of the products. These effects are largely driven by exporters and firms producing differentiated products. We rationalize our findings using a heterogeneous firm model in which a firm maximizes output along three dimensions: product scope, scale, and quality. Lastly, our results show significant welfare gains as the aggregate price index decreased by about 93\%. To our knowledge, ours is one of the first to show that the R\&D tax credit policy can promote industrial development through gains from increased product quality and variety. Speaker profile: Sankalp Mathur is currently an Assistant Professor at the Center for Advanced Financial Research and Learning (CAFRAL), an institution set up by the Reserve Bank of India in Mumbai, India. He works in the areas of International Trade, Environmental Economics, Climate Policy, and Macroeconomics. Prior to joining CAFRAL, he completed his Ph.D. in Economics at the Department of Economics, University of Florida. Webpage link: https://www.sankalpmathur.com/home IIM Bangalore IIM Bangalore communications@iimb.ac.in Asia/Kolkata public

Prof. Sankalp Mathur, CAFRAL, will deliver the session on 26 February 2026

24 February, 2026, Bengaluru: The Economics area at IIM Bangalore will host a research seminar titled ‘R&D Tax Credit and Product Quality vs Scope’ delivered by Prof. Sankalp Mathur, Center for Advanced Financial Research and Learning (CAFRAL). The session is set to be held on 26 February 2026, from 4.00 pm to 5.30 pm, in Classroom P-11 at IIMB.

Abstract:

Do firms with heterogeneous in-house R\&D capacity respond discordantly in terms of product development to an industrial policy aimed at boosting R\&D expenditure? We utilize an R\&D tax credit policy introduced in 1998 by the Indian Govt, which was aimed at firms with in-house R\&D units in certain groups of industries. We find that the policy led to an increase in R\&D expenses for all firms, but the effect on product development is quite different. Small and medium-sized firms spend their new R\&D investments to expand product scope, while large firms invest in upgrading the quality of the products. These effects are largely driven by exporters and firms producing differentiated products. We rationalize our findings using a heterogeneous firm model in which a firm maximizes output along three dimensions: product scope, scale, and quality. Lastly, our results show significant welfare gains as the aggregate price index decreased by about 93\%. To our knowledge, ours is one of the first to show that the R\&D tax credit policy can promote industrial development through gains from increased product quality and variety.

Speaker profile:

Sankalp Mathur is currently an Assistant Professor at the Center for Advanced Financial Research and Learning (CAFRAL), an institution set up by the Reserve Bank of India in Mumbai, India. He works in the areas of International Trade, Environmental Economics, Climate Policy, and Macroeconomics. Prior to joining CAFRAL, he completed his Ph.D. in Economics at the Department of Economics, University of Florida.

Webpage link: https://www.sankalpmathur.com/home