Two for the price of one? Additionality effects of R&D subsidies: A comparison between Flanders and Germany

被引：209
作者：
Aerts, Kris [1 ]
Schmidt, Tobias [2 ]
机构：
[1] Katholieke Univ Leuven, Dept Managerial Econ Strategy & Innovat MSI, BE-3000 Louvain, Belgium
[2] Econ Res Ctr, Deutsch Bundesbank, D-60431 Frankfurt, Germany
来源：
RESEARCH POLICY | 2008年 / 37卷 / 05期
关键词：
R&D; subsidies; policy evaluation; conditional difference-in-differences;
D O I：
10.1016/j.respol.2008.01.011
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
We empirically test whether public R&D subsidies crowd out private R&D investment in Flanders and Germany, using firm level data from the Flemish and German part of the Community Innovation Surveys (CIS III and IV). Both the non-parametric matching estimator and the conditional difference-in-differences estimator with repeated cross-sections (CDiDRCS) clearly indicate that the crowding-out hypothesis can be rejected: funded firms are significantly more R&D active than non-funded firms. In the domain of additionality effects of R&D subsidies, this paper is the first to apply the CDiDRCS method. (c) 2008 Elsevier B.V. All rights reserved.
引用
收藏
页码：806 / 822
页数：17
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