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R&D and subsidies at the firm level: an application of parametric and semiparametric two-step selection models

✍ Scribed by Katrin Hussinger

Publisher: John Wiley and Sons
Year: 2008
Tongue: English
Weight: 183 KB
Volume: 23
Category: Article
ISSN: 0883-7252
DOI: 10.1002/jae.1016

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✦ Synopsis

Abstract

This paper analyzes the effect of public R&D subsidies on firms' private R&D investment per employee and new product sales in German manufacturing. Parametric and semiparametric two‐step selection models are applied to this evaluation problem. The results show that the average treatment effect on the treated firms' R&D intensity is positive. The estimated effects are robust with respect to the different selection models. Further results show that publicly induced R&D spending is as productive as private R&D investment in generating new product sales. Copyright © 2008 John Wiley & Sons, Ltd.

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