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dc.contributor.authorCzarnitzki, Dirken_US
dc.contributor.authorLopes-Bento, Cindyen_US
dc.date.accessioned2012-06-19en_US
dc.date.accessioned2012-06-28T13:41:28Z-
dc.date.available2012-06-28T13:41:28Z-
dc.date.issued2012en_US
dc.identifier.piurn:nbn:de:bsz:180-madoc-323085-
dc.identifier.urihttp://hdl.handle.net/10419/59523-
dc.description.abstractA significant amount of money is spent on programs to stimulate innovative activities. In this paper, we review the effects of a specific government-sponsored commercial R&D program from various angles. We start by evaluating whether we find positive effects of subsidies on R&D investment and R&D employment. Then, we analyze how the observed effects of subsidies on R&D intensity and employment vary over time, vary if the firm receives also support from other sources, vary depending on how many supported projects a single firm has at the same time or vary if a firm gets support consecutively. Finally, we estimate the macroeconomic impact of these grants in terms of R&D employment. We conclude that (i) the policies are not subject to full crowding out, (ii) the treatments effects are stable over time, (iii) receiving subsidies from other sources in addition to the program under evaluation does not decrease the estimated treatment effect, and (iv) receiving grants repeatedly does not decrease the magnitude of the treatment effects either. Using a back-of-the envelope calculation, we estimate that, on average, five R&D jobs are created (or maintained) per supported project in the Flemish economy.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 12-034en_US
dc.subject.ddc330en_US
dc.subject.stwForschungs- und Technologiepolitiken_US
dc.subject.stwForschungssubventionen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwWissenschaftleren_US
dc.subject.stwBeschäftigungseffekten_US
dc.subject.stwFlämisch-Brabanten_US
dc.titleValue for money? New microeconometric evidence on public R&D grants in Flandersen_US
dc.typeWorking Paperen_US
dc.identifier.ppn717886220en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:zewdip:12034-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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