| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10181 |
| DP10181 Direct and Cross-Scheme Effects in a Research and Development Subsidy Program | |
| Reinhilde Veugelers | |
| 发表日期 | 2014-10-05 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | This study investigates the effects of an R&D subsidy scheme on participating firms? net R&D investment. Making use of a specific policy design in Belgium that explicitly distinguishes between research and development grants, we estimate direct and cross-scheme effects on research versus development intensities in recipients firms. We find positive direct effects from research (development) subsidies on net research (development) spending. This direct effect is larger for research grants than for development grants. We also find cross-scheme effects that may arise due to complementarity between research and development activities. Finally, we find that the magnitude of the treatment effects depends on firm size and age and that there is a minimum effective grant size, especially for research projects. The results support the view that public subsidies induce higher additional investment particularly in research where market failures are larger, even when the subsidies are targeting development. |
| 主题 | Industrial Organization |
| 关键词 | R&d Complementarity Research subsidies Development subsidies Innovation policy |
| URL | https://cepr.org/publications/dp10181 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539013 |
| 推荐引用方式 GB/T 7714 | Reinhilde Veugelers. DP10181 Direct and Cross-Scheme Effects in a Research and Development Subsidy Program. 2014. |
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