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Title:Do Innovation Subsidies Crowd Out Private Investment? Evidence from the German Service Sector PDF Logo
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

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