R&D policies for young SMEs: input and output effects

被引：0
作者：
Dirk Czarnitzki
Julie Delanote
机构：
[1] KU Leuven,Department of Managerial Economics, Strategy and Innovation, Faculty of Business and Economics
[2] KU Leuven,Center for R&D Monitoring (ECOOM)
[3] ZEW,undefined
来源：
Small Business Economics | 2015年 / 45卷
关键词：
R&D; Subsidies; NTBFs; Policy evaluation; Treatment effects; Patents; H25; M13; O31; O38; L26;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper evaluates the current focus of EU policy makers on small and medium-sized, young independent firms in high-tech sectors. Therefore, the effect of subsidies on both R&D input and R&D output is compared between independent high-tech young firms (NTBFs), independent low-tech young firms (LTBFs) and their non-independent counterparts. A treatment effects analysis reveals that full crowding-out with regard to public funding is rejected for all firm types. However, the treatment effect is highest for independent high-tech firms. The indirect effect of subsidies on R&D output is evaluated within a patent production framework. These results show that independent high-tech firms have no lower output effects than other firms and thus suggest that the current policy focus on certain firm types is not ineffective.
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页码：465 / 485
页数：20
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