R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models

Public Economics from University Library of Munich, Germany

Abstract: This paper analyzes the effects of public subsidies on R&D expenditure in the German manufacturing sector. The focus is on the question whether public R&D funding stimulates or crowds out private investment. Cross sectional data at the firm level is used. By applying parametric and semiparametric selection models, it turns out that public funding increases firms' R&D expenditure. Altough the magnitude of the treatment effect depends on the assumptions imposed by the particular selection model.

Keywords: Innovation; Public R&D Subsidies; Policy Evaluation; Paramteric and Semiparametric Two-Step Selection Models (search for similar items in EconPapers)
JEL-codes: C24 H32 O31 O38 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2004-03-26
New Economics Papers: this item is included in nep-pbe
Note: Type of Document - pdf; pages: 33
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: R&D and subsidies at the firm level: an application of parametric and semiparametric two-step selection models (2008)
Working Paper: R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwppe:0403005

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