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http://hdl.handle.net/10419/24372
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| Title: | | Research and development: financial constraints and the role of public funding for small and medium-sized enterprises  |
| Authors: | | Czarnitzki, Dirk |
| Issue Date: | | 2002 |
| Series/Report no.: | | ZEW Discussion Papers 02-74 |
| Abstract: | | This paper presents microeconometric evidence on financing con-traints for research and development activities in German small and medium?sized firms (SME). Special attention is paid to the role of public R&D subsidies. For this purpose SME in Western and East-ern Germany are compared because these regions are very different in their supply of public R&D funding. It turns out that Western German SME are financially constrained in their R&D activities by both internal and external resources. In Eastern Germany, firms are not sensitive to external constraints, possibly due to high public R&D subsidies. The results suggest that R&D in Eastern Germany is to a large extent driven by public subsidies since the German re?unification in 1990 and that the usual financial market mechanisms are repealed with respect to R&D in this region. |
| Subjects: | | Research and development financial constraints public funding SME censored regression models |
| JEL: | | O38 O31 C24 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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