@techreport{Aerts2006price,
abstract = {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.},
address = {Mannheim},
author = {Kris Aerts and Tobias Schmidt},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O38; H50; C21; C14; 330; R&D; Subsidies; Policy Evaluation; Conditional Difference-in-Difference},
language = {eng},
number = {06-63},
publisher = {Zentrum f\"{u}r Europ\"{a}ische Wirtschaftsforschung (ZEW)},
title = {Two for the price of one? On additionality effects of R&D subsidies: A comparison between Flanders and Germany},
type = {ZEW Discussion Papers},
url = {http://hdl.handle.net/10419/24518},
year = {2006}
}
