The impact of public R&D subsidy on small firm productivity: evidence from Korean SMEs

被引：96

作者：

Cin, Beom Cheol ^{[1
]}

Kim, Young Jun ^{[2
]}

Vonortas, Nicholas S. ^{[3
,4
,5
]}

机构：

[1] Kyonggi Univ, Dept Econ, Suwon, South Korea

[2] Korea Univ, Grad Sch Management Technol, Dept Management Technol, Seoul, South Korea

[3] George Washington Univ, Ctr Int Sci & Technol Policy, Washington, DC USA

[4] George Washington Univ, Dept Econ, Washington, DC USA

[5] Univ Estadual Campinas, Sao Paulo Excellence Chair, Campinas, SP, Brazil

来源：

SMALL BUSINESS ECONOMICS | 2017年 / 48卷 / 02期

基金：

巴西圣保罗研究基金会;

关键词：

SMEs; R&D; Research subsidy; Productivity; DEVELOPMENT GRANTS; INNOVATION; GOVERNMENT; STIMULATE; PROGRAMS; GROWTH; LEVEL;

D O I：

10.1007/s11187-016-9786-x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper explores the effects of R&D promotion policy on SME performance. We use a large panel data set on public R&D subsidies to Korean manufacturing firms. We control for counterfactual outcomes employing the DID (difference in differences) estimation procedure as well as for the endogeneity of the R&D investment and the R&D subsidy using the 2-stage Tobit/Logit DPD (dynamic panel data) procedure. We find significant evidence for positive effects of the public R&D subsidy on both the R&D expenditure and the value added productivity of Korean manufacturing SMEs. The policy thus appears to have been successful in fostering technological advancement and in promoting economic growth.

引用

页码：345 / 360

页数：16

共 62 条

[1] A MODEL OF GROWTH THROUGH CREATIVE DESTRUCTION [J].