Two for the Price of One? On Additionality Effects of R&D Subsidies: A Comparison Between Flanders and Germany
Aerts, Kris / Schmidt, Tobias, (2006)
In this paper we empirically test whether public R&D subsidies crowd out private R&D investment in Flanders and Germany, using firm level data from the Flemish and German part of the Community Innovation survey (CIS III and IV). Both the non-parametric matching estimator and the conditional difference-in-difference estimator with repeated cross-sections (CDiDRCS) clearly indicate that the crowding-out hypothesis can be rejected: funded firms are significantly more R&D active than non-funded firms. In the domain of additionality effects of R&D subsidies, this paper is the first to apply the CDiDRCS method.
Referenz : ftp://ftp.zew.de/pub/zew-docs/dp/dp06063.pdf
Organisation : ZEW - Zentrum für Europäische Wirtschaftsforschung
Zusätzliche Daten : Discussion Paper No. 06-063