|
EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/24802
|
| | |
| Title: | | Do Innovation Subsidies Crowd Out Private Investment? Evidence from the German Service Sector  |
| Authors: | | Czarnitzki, Dirk Fier, Andreas |
| Issue Date: | | 2002 |
| Series/Report no.: | | ZEW Discussion Papers 02-04 |
| Abstract: | | This paper analyses the impact of public innovation subsidies on private innovation expenditure. In the empirical economic literature there is still no common support for the hypothesis of either a complementary or a substitutive relationship between public funding and private investment. We investigate whether firms of the German service sector increase their innovation effort when participating in public policy schemes. Cross-sectional data at the firm level are used to estimate the effect of subsidization. Applying a non-parametric matching approach we find evidence that the hypothesis of complete crowding-out effects between public and private funds can be rejected. |
| Subjects: | | Innovation Public Innovation Subsidies Service Sector Policy Evaluation |
| JEL: | | C24 O31 H32 C20 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/24802
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|