Radical or incremental: Where does R&D policy hit?

Arbeitspapier

This study investigates the efficacy of public R&D support. Compared to most existing studies, we do not stop at substitution effects or general innovation outcome measures, but we are interested in knowing where the policy effect is highest: on innovation close to the market (i.e. incremental innovation) or on innovation that is still far from the market and hence more risky and radical. Using firm level data from the period 1999 to 2011, we find that the policy hits where the market failure is highest, that is, for radical innovation. Taking into account that the Swiss funding agency encourages collaboration, we find no evidence that the impact of the policy is positively effected by various R&D collaboration patterns.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ZEW Discussion Papers ; No. 14-106

Classification and Topics

• Classification: Wirtschaft ; Semiparametric and Nonparametric Methods: General ; Multiple or Simultaneous Equation Models; Multiple Variables: General ; Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies ; Innovation and Invention: Processes and Incentives ; Technological Change: Government Policy
• Subject: R&D subsidies ; collaborative innovation ; diversity ; innovation performance ; radical innovation ; incremental innovation ; policy evaluation ; treatment effects

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Beck, Mathias ; Lopes-Bento, Cindy ; Schenker-Wicki, Andrea
• Event: Veröffentlichung
• (who): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (where): Mannheim
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/104809
• URN: urn:nbn:de:bsz:180-madoc-374240
• Last update: 10.03.2025, 11:44 AM CET