Arbeitspapier
Direct and cross-scheme effects in a research and development subsidy program
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.
- ISBN
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978-3-86304-151-9
- Sprache
-
Englisch
- Erschienen in
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Series: DICE Discussion Paper ; No. 152
- Klassifikation
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Wirtschaft
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Innovation and Invention: Processes and Incentives
Technological Change: Government Policy
- Thema
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R&D
Complementarity
Research Subsidies
Development Subsidies
Innovation Policy
- Ereignis
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Geistige Schöpfung
- (wer)
-
Hottenrott, Hanna
Lopes-Bento, Cindy
Veugelers, Reinhilde
- Ereignis
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Veröffentlichung
- (wer)
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Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE)
- (wo)
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Düsseldorf
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hottenrott, Hanna
- Lopes-Bento, Cindy
- Veugelers, Reinhilde
- Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE)
Entstanden
- 2014