Two for the price of one?: Additionality effects of R&D subsidies: A comparison between Flanders and Germany
- 作者：Kris Aerts ; Tobias Schmidt
- 关键词：R& ; D ; Subsidies ; Policy evaluation ; Conditional difference-in-differences
- 刊名：Research Policy
- 出版年：2008
- 期刊代码：73_00487333
- 类别：bus
- 出版时间：June 2008
- 卷：37
- 期：5
- 页码：806-822
- 文件大小：411 K
摘要
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 Surveys (CIS III and IV). Both the non-parametric matching estimator and the conditional difference-in-differences 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.