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http://hdl.handle.net/10419/32623
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| Title: | | Picking the winner? Empirical evidence on the targeting of R&D subsidies to start-ups  |
| Authors: | | Cantner, Uwe Kösters, Sarah |
| Issue Date: | | 2009 |
| Series/Report no.: | | Jena economic research papers 2009,093 |
| Abstract: | | This paper investigates the allocation of R&D subsidies given to start-ups. Considering the coexistence of various R&D project schemes, we take an aggregate view and analyze the determinants of the receipt of (any) R&D subsidies within the first three business years of the start-ups. We argue that policymakers and funding authorities follow a strategy of picking the winner. Analyzing a unique data set of start-ups in the East German state of Thuringia, we conduct logistic regressions and find ambiguous support. R&D subsidies are given to start-ups with innovative business ideas, especially academic spin-offs. On the other hand, the ambitions and the patent stock of the founder(s) do not decide the receipt of R&D subsidies. These insights into the overall allocation of R&D subsidies are important since they have implications for policy effectiveness and efficiency. The implied difficulties of policy targeting fundamentally question the massive subsidization of private R&D. |
| Subjects: | | Start-ups R&D subsidies Subsidy allocation |
| JEL: | | O38 L26 L52 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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