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dc.contributor.authorCantner, Uween_US
dc.contributor.authorKösters, Sarahen_US
dc.date.accessioned2009-12-09en_US
dc.date.accessioned2010-05-20T14:34:28Z-
dc.date.available2010-05-20T14:34:28Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/32623-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisherUniv. [u.a.] Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2009,093en_US
dc.subject.jelO38en_US
dc.subject.jelL26en_US
dc.subject.jelL52en_US
dc.subject.ddc330en_US
dc.subject.keywordStart-upsen_US
dc.subject.keywordR&D subsidiesen_US
dc.subject.keywordSubsidy allocationen_US
dc.subject.stwForschungssubventionen_US
dc.subject.stwUnternehmensgründungen_US
dc.subject.stwWirtschaftsförderungen_US
dc.subject.stwForschungskooperationen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwThüringenen_US
dc.titlePicking the winner? Empirical evidence on the targeting of R&D subsidies to start-upsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn614590027en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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